Management Shuffle May Be in the Works at Samsung

Posted by at 9:34 am on November 24, 2014

Samsung Mobile CEO J.K. Shin may be in danger of losing his job, reports The Wall Street Journal.

The company is weighing whether or not it should rearrange its current leadership, and one of the scenarios would see Shin lose oversight of the company’s mobile division. Samsung has three co-CEOs, each of whom oversees a different aspect of the business. J.K. Shin leads the mobile device group, B.K. Yoon oversees the appliance and TV businesses, and Kwon Oh-hyun manages the semiconductor and display businesses.

The Journal’s sources say Shin’s responsibilities could be given to Yoon. Samsung’s mobile device business is its most profitable, but saw a 60% drop in profits during the third quarter amidst slower-than-expected sales of its smartphones. Samsung conducts an annual review of its leadership towards the end of the calendar year.

Samsung has not made a final decision and didn’t comment on the Journal’s story.

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