News
 

Bookmark and Share

(1) 

The history knows a number of cases when companies had two co-CEOs, specializing in different areas of business. Now, Samsung Electronics has become the first high-tech company in the world that will have three co-CEOs, which should emphasize importance of certain business areas for the conglomerate.

Samsung has announced the appointment of president Boo-keun Yoon and president J.K. Shin as co-CEOs of Samsung Electronics following the company’s annual general shareholders’ meeting. Vice chairman Oh-Hyun Kwon will retain his position as CEO and chairman of the Board of Directors. He will also continue to oversee Samsung Electronics’ component business.

The new appointments recognize the strong performance of the two executives in their business areas. Under president Boo-keun Yoon, Samsung’s TV business maintained and solidified its global leadership position after becoming global No. 1 in 2006. Under president J.K. Shin, Samsung’s mobile business posted significant growth and attained global No.1 position in smartphones in 2011 and in overall mobile phones in 2012.

Mr. Yoon will continue his role of overseeing the consumer electronics division, which includes TV and appliance products. Mr. Shin will remain in charge of the IT & mobile communications division.

The new leadership structure will serve to clarify and enhance independent management of the two set divisions, as well as the independent management of the set and component businesses, Samsung said.

Tags: Samsung, Business

Discussion

Comments currently: 1
Discussion started: 03/19/13 02:06:48 AM
Latest comment: 03/19/13 02:06:48 AM

[1-1]

1. 
Wise move, Samsung El is so big now with so many products that one man/woman would be overcome with the workload/responsibility

It 'should' run more efficiently with 3 CEO's
0 0 [Posted by: alpha0ne  | Date: 03/19/13 02:06:48 AM]
Reply

[1-1]

Add your Comment




Latest News

Tuesday, July 22, 2014

10:40 pm | ARM Preps Second-Generation “Artemis” and “Maya” 64-Bit ARMv8-A Offerings. ARM Readies 64-Bit Cores for Non-Traditional Applications

7:38 pm | AMD Vows to Introduce 20nm Products Next Year. AMD’s 20nm APUs, GPUs and Embedded Chips to Arrive in 2015

4:08 am | Microsoft to Unify All Windows Operating Systems for Client PCs. One Windows OS will Power PCs, Tablets and Smartphones

Monday, July 21, 2014

10:32 pm | PQI Debuts Flash Drive with Lightning and USB Connectors. PQI Offers Easy Way to Boost iPhone or iPad Storage

10:08 pm | Japan Display Begins to Mass Produce IPS-NEO Displays. JDI Begins to Mass Produce Rival for AMOLED Panels

12:56 pm | Microsoft to Fire 18,000 Employees to Boost Efficiency. Microsoft to Perform Massive Job Cut Ever Following Acquisition of Nokia