Peter Chou, who was HTC's CEO through its dramatic rise and fall in the smartphone world, has departed the company. An HTC spokesperson provided Android Central with the following statement:

Peter Chou

"HTC can confirm that Peter Chou retired from the Company after assuming the chairmanship of Digital Domain in September 2015, although he was retained as an Advisor to enable HTC to leverage his extensive experience. We thank Peter for his long-term commitment to the business and wish him well in his retirement."

So that's that. Chairwoman Cher Wang took over the top job at HTC after Chou's departure, after which he briefly headed up HTC's Future Development Lab in a more product-focused role. Late last year he took up a new leadership role at Digital Domain, the visual effects studio co-founded by director James Cameron.

Since then, despite HTC's expansion into VR and connected devices, and the arrival of the critically praised HTC 10, the phone maker's financial position has remained precarious.