HTC's smartphone head steps down following on from Google acquisition

HTC mobile chief resigns before the unveiling of company's last flagship HTC U12

The move, spotted earlier by Engadget, was announced today and is effective immediately. Chang previously worked at Motorola and Goldman Sachs before joining HTC as CFO in 2012. HTC for $1.1 billion gave its team to Google.

HTC will likely be on the lookout for someone to replace Chang's position, but that could be an uphill battle for the company. Publicly, however, Chang's reason for resigning is listed as "personal career plan" on HTC's investor website.

HTC hasn't yet quit the smartphone business, as the company is expected to launch the HTC U12, a dual-camera flagship phone for 2018.

There is some moving and shaking going on at HTC, which is seemingly the result of Google acquiring key members from the company's smartphone team.

German parties near coalition deal
The shock announcement comes just days after Merkel's conservatives and the SPD agreed to form a coalition government. Many Social Democrats have blamed their poor showing on the party's membership in the previous "grand coalition".

Local reports from Taiwan indicate Chang left to found an AI startup.

So far, HTC has not named a successor to Chang.

HTC has entered the VR business in a bid to diversify its product portfolio and add sales to offset the impact of competition in the global smartphone market. The move comes months after Google chose to buy the smartphone design and engineering team from HTC for $1.1 billion (roughly Rs. 7,000 crores), and it could be the outcome of the plan that was reportedly aimed to streamline the company's smartphone lineup this year.

A few years back, HTC was one of the most popular smartphone makers, getting high praise for the design and quality of its HTC One (M7) and (M8) smartphones.

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