Samsung elects two new co-CEOs to go together with the one it already had
Samsung Electronics simply introduced it is switching to a a number of-CEO system, pushing up Presidents Boo-keun Yoon and JK Shin (who we simply noticed on stage on the Galaxy S four press convention) in recognition of their robust efficiency. Vice Chairman, Chairman of the Board of Administrators and present CEO Oh-Hyun Kwon is not leaving the place he attained final summer time nevertheless, and can proceed to supervise the corporate’s element enterprise. In the meantime, Yoon will proceed his job overseeing the buyer electronics division that makes TVs and home equipment, whereas Shin runs the IT and cell phone enterprise. Letting every run their very own ship looks like an odd transfer, nevertheless we suppose once you’re raking in $eight billion+ in income in 1 / 4, you possibly can afford to attempt a couple of various things, they usually’re nonetheless wanting as much as Samsung Group chairman Lee Kun-hee. Nonetheless, there was a time when every unit working so independently was seen as an issue.
Samsung Electronics Appoints New Co-CEOs – President Boo-keun Yoon and President J.Okay. Shin appointed as CEOs of Samsung Electronics – along with present Vice Chairman and CEO Oh-Hyun Kwon – New management to reinforce unbiased administration of set and element companies SEOUL–(Korea Newswire) March 15, 2013 — Samsung as we speak introduced the appointment of President Boo-keun Yoon and President J.Okay. Shin as co-CEOs of Samsung Electronics Co., Ltd. following the corporate’s annual common shareholders’ assembly.
Vice Chairman Oh-Hyun Kwon will retain his place as CEO and Chairman of the Board of Administrators. He will even proceed to supervise Samsung Electronics’ element enterprise.
The brand new appointments acknowledge the robust efficiency of President Yoon and President Shin. Underneath President Yoon, Samsung’s TV enterprise maintained and solidified its international management place after turning into international No. 1 in 2006. Beneath President Shin, Samsung’s cellular enterprise posted vital progress and attained international No.1 place in smartphones in 2011 and in general cell phones in 2012.
Mr. Yoon will proceed his position of overseeing the Shopper Electronics Division, which incorporates TV and equipment merchandise. Mr. Shin will stay in control of the IT & Cellular Communications Division.
The brand new management construction will serve to make clear and improve unbiased administration of the 2 set divisions, in addition to the unbiased administration of the set and element companies. Information Supply: Samsung Electronics