Despite speculation of Samsung considering an internal change in their mobile management division, the South Korean giant has remained adamant on its current stance of its internal hierarchy. Previously, it was rumoured that current co-CEO JK Shin was to be removed from his position and replaced with one of two other co-CEOs of Samsung.
The lack of change in top managerial positions came in the form of a Samsung group business unit announcement yesterday. The company stated that alongside JK Shin, B.K. Yoon (co-CEO, Consumer Electronics) and Kwon Oh-hyun (co-CEO, Components) will all be reprising their roles in the company.
Although high profile managerial position changes were absent in the announcement from Samsung, the company did announce that President and Head of Sales and Marketing, D.J. Lee will be stepping down from the position. Lee said that he has taken responsibility for the company’s lackluster performance in terms of smartphones as of late. Samsung also made no mention of who would take over Lee’s position; Lee had also declined to comment on the matter.
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The catalyst for the rumoured changes in managerial positions along with Lee stepping down from his position can be attributed to the unsatisfactory sale figures of the Samsung Galaxy S5. The company’s flagship phone failed to beat its predecessor, the Galaxy S4 in terms of sales figures; evident in the 4 million more units Galaxy S4s sold in the same timeframe.
It will definitely be interesting to see how Samsung recovers from this financial deficit. If the company believes that shaking-up the managerial positions is not the first step to regaining a financial foothold again, then perhaps the company may already have other ideas in mind as to how it can tackle the problem at hand.
[Source: The Wall Street Journal]
