JK Shin may have retained his position under the management shuffle recently but it seems his subordinates weren’t that lucky. According to a report by Reuters, three deputy executives who report to JK Shin, have left the organisation following slow smartphone sales and low profitability. One of the departures include DJ Lee whose most recent […]
management
JK Shin retains his title as chief of mobile division
You don’t kick a person to the kerb during his bad times! Samsung seems to know this and have decided to retain JK Shin as the chief of mobile division. Under his helm, Samsung rose to the number one spot in the smartphone market but the top spot is in jeopardy considering slow sales of […]
Major management shake-up expected over poor mobile division performance
Samsung generally announces management reshuffle at the end of the year and according to a Wall Street Journal report, we can expect some major changes this year. The financial daily claims JK Shin, current co-CEO of Samsung Electronics and mobile division head could move out from managing the mobile division. It was under Shin’s leadership […]
Samsung Mobile managers return part bonuses on account of poor performance
Samsung has already hinted, by way of an earnings guidance, not to expect a strong financial quarter and since the mobile handset division fills up majority of the coffer for Samsung Electronics, some 200 managers working in the mobile division have “voluntarily returned a quarter of their first-half bonuses”. The return of part bonuses will […]
Samsung’s Stephen Woo steps down as System LSI President
Samsung has confirmed that System LSI President, Stephen Woo will step down from his role. While the reason for the resignation from the current role is cited as “personal reasons,” Korean media is rife with rumours of Woo’s health. Woo will stay with Samsung Electronics in an unspecified role but the LSI business will be […]