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

Thursday, November 6, 2014

6:48 am | LG’s Unique Ultra-Wide Curved 34” Display Finally Hits the Market. LG 34UC97 Available in the U.S. and the U.K.

Wednesday, October 8, 2014

8:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD

Thursday, August 28, 2014

12:22 pm | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

9:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

6:41 pm | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture