Samsung Now Has A Trio Of CEOs After Adding Two To Its Executive Team


Samsung Electronics now has a trio of co-CEOs after adding presidents Yoon Boo-keun and JK Shin to the executive team. They join Samsung’s current vice chairman and CEO Kwon Oh-hyun and will server alongside COO and president Lee Jae-yong.

The move comes a day after Samsung unveiled its Galaxy S4 at an event in New York City’s Radio City Music Hall.

According to Samsung, the new structure “will serve to clarify and enhance independent management” of each of its separate divisions, providing each one with its own leader at CEO level. Boo-keun oversees Samsung’s consumers electronics division, while Shin heads up Samsung Mobile, and Oh-hyun is in charge of Samsung Semiconductor, the company’s component business.

“The new appointments recognize the strong performance of President Yoon and President Shin,” Samsung said in its press release this morning.

“Under President Yoon, Samsung’s TV business maintained and solidified its global leadership position after becoming global No. 1 in 2006. Under President 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.”