Samsung has just announced today that the co-CEO and leader of its mobile division, JK Shin, will step down from daily operations of the smartphone section of the company. Shin is set to be replaced by Dongjin Koh, will be responsible for the day-to-day operations of Samsung Mobile. According to Bloombert Shin will stay on, but he won’t have the title of president of mobile.
Koh had helped develop the recent Galaxy S6 and Galaxy Note 5 devices, and was previously heading up the mobile research and development unit. The new role as president will allow him to have a more hands on role launching new smartphones and tablets. Shin will remain the co-chief and president of Samsung’s electronic business looking more at the company’s long term business strategy.
Samsung has suffered many challenges over the last year. The company’s shipments of smartphones look set to decline this year for the second in a row. The company faces stiff competition from Apple in the high end of the market, and companies such as Xiaomi and Huawei at the budget end. Samsung’s earnings are expected to fall 8.2% this year compared to 2014, meaning revenues will be the lowest since 2011.
Larry Banks is a keen follower of technology and finance. He has worked for a variety of online publications, writing about a diverse range of topics including mobile networks, patents, and Internet video delivery technologies.