Samsung names two new co-CEOs

15 Mar 2013

The new Samsung Galaxy S4 smartphone

Samsung Electronics now has three people sharing the CEO role, what with the appointment of presidents Yoon Boo-keun and J.K. Shin as co-CEOs. They join vice-chairman and CEO Kwon Oh-hyun.

This change in management appears to put in place a leader in each of Samsung’s key divisions. Yoon has overseen the consumer electronics division, Shin has had the helm of mobile, and Kwon had led Samsung’s component business, The Verge reported.

“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 in a statement.

The new appointments come fresh on the heels of the release of the new Samsung Galaxy S4 smartphone.

In addition to their new roles, the two executives will retain their previous responsibilities within the company.

Tina Costanza was a journalist and sub-editor at Silicon Republic