Samsung (005930:KS) announced today that it has appointed two co-CEOs alongside existing corporate leader Oh-Hyun Kwon. The move – coming hours after the unveiling of the new Galaxy S4 phone to replace the global best-seller SIII device – seems designed so that Samsung can focus more on its popular consumer gadgets rather than the thousands of other things that the huge Korean chaebol makes.
Thus new co-CEO Boo-keun Yoon has more clout as the head of consumer electronics, while mobile division head J.K. Shin is the other appointee. As for Kwon, he will continue to focus on Samsung’s component business.
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