Wang leaves the day-to-day operations to her longtime friend, CEO Peter Chou, an early hire.
HTC's chairman Peter Chou readily admits to the BBC that the firm faced challenges last year.
BBC: Can HTC's new phone challenge Apple and Samsung once again?
In an interview with The Wall Street Journal, Europe, Peter Chou, CEO of HTC Corp.
The two men sound like exhausted combatants, but I bet Peter Chou, HTC's chief exec, is the more drained.
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HTC's chief executive, Peter Chou, has built the perfect company for giving Google a helping hand into the mobile phone market.
But Iovine and HTC Chief Executive Peter Chou contend their companies share important qualities, such as a commitment to speed, innovation, design and high quality.
FORBES: HTC CEO Peter Chou And Beats Audio's Jimmy Iovine On Music, Mobile Devices And Apple
"Linux will need to have some champion, " HTC CEO Peter Chou said in an interview with Forbes.com in September, admitting that he's eyeing mobile Linux.
"We've been inspired by Windows Phone 8 to create new smartphones that give the platform the iconic design and personality it deserves, " said Peter Chou, CEO of HTC Corporation.
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Peter Chou, CEO of HTC, said in an interview Wednesday that he hoped the new partnership would give the company more visibility among smartphone users, the New York Times reports.
"We're excited to be taking the HTC Sense experience beyond the phone to a whole new level with a series of connected HTC services we call HTCSense.com, " said Peter Chou, CEO of HTC Corporation.
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It's a given that Peter Chou's gang is cutting back in response to its recent weak performance, but the more interesting takeaway here is the fact that the South Korean smartphone market is one tough nut for foreign brands to crack open.
ENGADGET: Editorial: HTC's departure from South Korea proves a tough fight for foreign brands
"HTC's history of innovation in 4G technology includes delivering the first 4G-powered devices to each major carrier in the U.S., so it is exciting today to continue that leadership with our first 4G LTE Windows Phone, the HTC TITAN II, " said Peter Chou, CEO of HTC Corp.
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So these are some the key points in the long process of design development of an HTC phone, where engineers and designers push each other to uncomfortable realm, before eventually delivering the near-final product to Peter Chou for his ultimate test on the size, feel in hand, feel in pocket and even the ringtones.
ENGADGET: HTC talks smartphone design: from inception to final product
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