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Samsung Keeps Top Executives in Place Despite Shrinking Profits

by Jacob Kleinman | December 1, 2014December 1, 2014 10:30 am PDT

Samsung Unpacked - IFA 2013 - JK Shin

Samsung’s smartphone profits may be dropping, but the company’s mobile chief, J.K. Shin, isn’t going anywhere. The South Korean firm announced regular changes in business management on Monday, but The Wall Street Journal reports that all chief executives are keeping their current positions.

That includes both Shin and B.K. Yoon, the latter of which currently heads Samsung’s appliance and TV division but was rumored to take over mobile as well. WSJ notes that D.J. Lee, who led sales and marketing for the company’s smartphones and tablets is leaving his position, apparently taking the fall for Shin. Another source told the paper that more job cuts could be coming to the mobile unit in the next few days.

Samsung recently announced plans to narrow its smartphone lineup in 2015 after reporting losses for the past few fiscal quarters. Sales for its flagship Galaxy S5 reportedly missed projections by 40% earlier this year, and recent rumors suggest the company could be starting from scratch with the upcoming Galaxy S6.

WSJ

Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

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