Two New CEOs Appointed At Samsung Group

Samsung Galaxy S4 is not the only novelty that was presented during Thursday’s launching event in New York. The tech giant further revealed that there will be two new CEOs added to their board of chief executives, that is, Boo-keun Yoon and JK Shin, according to Mashable.

Samsung is constantly expanding its lines of products, so managing divisions has become difficult even for highly competent CEOs like Oh-Hyun Kwon. The South Korean manufacturer has, therefore, decided to add two new names to its board of chief executives. Boo-keun Yoon and JK Shin will team up with Kwon in the near future to supervise the production of all the company’s products.

The responsibilities of the three managers have been carefully assigned. According to the declaration made during the launching event, Kwon will stay in charge of Samsung’s component business, whereas the new CEOs will take care of two major divisions. The Consumer Electronics Division becomes the responsibility of Boo-keun Yoon and the operations performed by the IT & Mobile Communications Division will be entirely handled by Shin.

The adopted measure is meant to increase independence within the three divisions of the South Korean company. Samsung further explained that they believe the new system of management will lead to better working conditions and consequently, to improved outcomes. Analysts agreed with the tech company assuming that managing the inputs and outputs of their divisions has become too difficult for one single person.

Samsung’s portfolio of products is one of the largest at present being justified by the company’s determination to reinforce its leading position within the smartphone and the tablet markets. Their efforts have paid off, so far because the South Korean manufacturer registered a 6.6 billion profit in the fourth quarter of 2012. These recent changes could bring many more advantages to the Galaxy maker as Yoon and Shin have been acknowledged as highly reputed managers.

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