Samsung promotes JK Shin and Yoo Boo-keun to co-CEOs

After enthralling people around the world with its latest device the Galaxy S 4, Samsung seems to be rewarding its employees for their hard work. The Korean company has promoted the heads of its mobile and consumer electronics divisions to co-CEOs to run the company.

The head of the mobile division and IT JK Shin and Yoo Boo-keun, the head of the consumer electronics division will continue as the heads of their respective divisions, but will now have the added responsibility of running the company with the current CEO Kwon Oh-hun. Vice-Chairman and CEO Kwon Oh-hun is also the head of the components business at Samsung.

Samsung has said that these promotions are aimed at speeding up the decision making process and ensuring independent operations of its mobile and consumer electronics businesses on the component side.