Last week, we started hearing rumors of Samsung planning to reshuffle the mobile division as a result of the poor mobile sales this year. This meant that J.K. Shin would have to lose his job as the CEO of the company’s mobile division. And with the reshuffling now complete, Shin has come out unscathed with Samsung deciding to retain him for the foreseeable future. This decision was taken owing to his years of expertise and also for playing a crucial role in the company’s rise to the top over the past couple of years.
The head of Samsung’s consumer electronics business, Yoon Boo-keun has kept his job as well, so the company has decided to show faith in its top brass one more time. However, this can be seen as a last chance for these executives as the board will not be able to handle any further shrinkage in marketshare as we head into 2015. The company is expected to launch its first flagship, the Galaxy S6, sometime in March and cut down the total number of smartphones to save money and increase profits.