Samsung shakes up mobile and consumer electronics divisions, names new CEOs

It’s sometimes easy to forget how massive Samsung is as a corporation, with divisions for consumer electronics, shipbuilding, construction, life insurance, theme parks, advertising, and much more. Samsung Electronics is the main money-maker of the group, but it’s currently undergoing a corporate shuffle with the goal of integrating its products.
Samsung Electronics said on Tuesday (via CNBC) that it will merge its mobile and consumer electronics divisions, to simplify the company’s structure and help accelerate the development of its logic chips, such as Exynos products. The new merged division will include mobile and consumer electronics, as well as TV production.
The shakeup comes after Vice Chairman Jay Y. Lee (also known as Lee Jae-yong) resumed management of Samsung, after being released on parole in August following a bribery conviction. Samsung Electronics has also named new co-CEOs: Han Jong-hee, head of Samsung’s visual display business, and Kyung Kye-hyun, CEO of Samsung E…

Written By: Corbin Davenport

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