Samsung Appoints Two New CEOs

 By 
Stan Schroeder
 on 
Samsung Appoints Two New CEOs

Besides the Galaxy S 4 announcement yesterday, Samsung also announced a big change in leadership, adding two new CEOs to the company.

Presidents Boo-keun Yoon and JK Shin will join current CEO Oh-Hyun Kwon, meaning the company will now have three CEOs.

All three CEOs will also retain their current duties: Yoon will stay in charge of Samsung's Consumer Electronics Division, including TV and appliance products; Shin will continue leading the company's IT & Mobile Communications Division, and Kwon will continue to oversee Samsung's component business.

SEE ALSO: Samsung Unveils the Galaxy S 4

The idea behind the move is to "clarify and enhance independent management" of the three divisions, Samsung explains. With its diverse portfolio of products and services, and a $6.6 billion profit in Q4 2012, it's no wonder that Samsung thinks it's getting too big for just one CEO.

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