Samsung Electronics just announced it's switching to a multiple-CEO system, pushing up Presidents
Boo-keun Yoon and JK Shin (who we just saw on stage at the Galaxy S 4
press conference) in recognition of their strong performance. Vice
Chairman, Chairman of the Board of Directors and current CEO Oh-Hyun
Kwon isn't leaving the position he attained last summer
however, and will continue to oversee the company's component business.
Meanwhile, Yoon will continue his job overseeing the consumer
electronics division that makes TVs and appliances, while Shin runs the
IT and mobile phone business. Letting each run their own ship seems like
an odd move, however we suppose when you're raking in $8 billion+ in profits in a quarter,
you can afford to try a few different things, and they're still looking
up to Samsung Group chairman Lee Kun-hee. Still, there was a time when
each unit operating so independently was seen as a problem.
Samsung Electronics just announced it's switching to a multiple-CEO system, pushing up Presidents Boo-keun Yoon and JK Shin (who we just saw on stage at the Galaxy S 4
press conference) in recognition of their strong performance. Vice
Chairman, Chairman of the Board of Directors and current CEO Oh-Hyun
Kwon isn't leaving the position he attained last summer
however, and will continue to oversee the company's component business.
Meanwhile, Yoon will continue his job overseeing the consumer
electronics division that makes TVs and appliances, while Shin runs the
IT and mobile phone business. Letting each run their own ship seems like
an odd move, however we suppose when you're raking in $8 billion+ in profits in a quarter,
you can afford to try a few different things, and they're still looking
up to Samsung Group chairman Lee Kun-hee. Still, there was a time when
each unit operating so independently was seen as a problem.
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