Source - http://news.cnet.com/
By - Steven Musil
Category - Holiday In Miami
Posted By - Homewood Suites Miami
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| Holiday In Miami |
Fresh from revealing the Galaxy S4, its new flagship smartphone, Samsung announced the addition of two new captains to help run the ship.
Presidents Boo-keun Yoon and JK Shin, who helped unveil the Galaxy S4 during a press event this evening in New York, have been appointed co-chief executive officers in recognition of their contributions to the company's recent string of record quarters. However, they won't be partners in charge; Oh-Hyun Kwon will retain his position as the company's chief chief executive officer and its chairman of the board, Samsung said
"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," the company said in a brief statement.
Despite their new appointments, the two executives will continue their previous responsibilities within the company.
The company has experienced a remarkable string of record-setting quarterly performances. Samsung announced in January that its fourth-quarter profit rose 76 percent to $6.6 billion, the company's fifth consecutive record quarterly profit.
The company also reported sales of $52.6 billion, a 19 percent increase over same period a year earlier. Nearly half of that revenue came from its mobile communications division, particularly strong sales of its Galaxy S3 smartphone and Galaxy Note 2 phablet.
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