Egypt stocks hit record highs in 2025 as reforms fuel rally: Cabinet    Egypt condemns Israeli strikes on Lebanon, Syria    Egypt signs strategic agreements to attract global investment in gold, mineral exploration    Egypt launches first national workshop on food systems, climate action with UN, global partners    Al-Sisi reviews Egypt's food security, strategic commodity reserves    Syria says it will defend its territory after Israeli strikes in Suwayda    Egypt urges EU support for Gaza ceasefire, reconstruction at Brussels talks    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt's gold prices grow on July 13th    CBE's Abdalla attends Arab central bank governors' meeting ahead of Sept summit    Egypt's Health Min. discusses drug localisation with Sandoz    Egypt, Mexico explore joint action on environment, sustainability    Egypt, Mexico discuss environmental cooperation, combating desertification    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt's PM urges BRICS to prioritise peace    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Samsung Electronics appoints new smartphone head
Published in Amwal Al Ghad on 01 - 12 - 2015

Tech giant Samsung Electronics Co Ltd's long-time handset division chief is ceding day-to-day management of the struggling smartphone business in the biggest leadership change yet under the Samsung conglomerate's heir-apparent, Jay Y. Lee.
Samsung Group said 54-year-old Dongjin Koh will take over as president of the mobile communications business from 59-year-old J.K. Shin, who will remain head of the overall mobile division for Samsung Electronics and focus on long-term strategy and developing new growth businesses.
The move diminishes Shin's influence on the mobile business as the former cash-cow battles to reverse a slide in its market share to rivals like Apple Inc, Huawei Technologies Co Ltd [HWT.UL] and Xiaomi Inc [XTC.UL].
"While it's true that Shin delivered remarkable performance in the past, it's indisputable that the Galaxy S6's results fell short of expectations so a new leader was needed," Hansung University economics Professor Kim Sang-jo said.
"Today's appointments appear to acknowledge the need to develop a management system that can more proactively respond to challenges from Xiaomi and other Chinese companies."
The group's annual announcement of management changes also saw another top executive moved into a strategic role, with TV and appliances division chief Yoon Boo-keun shifted out of the day-to-day operations of the appliances business.
Analysts said that while the moves at the mobile division were an apparent acknowledgment that change was needed, they did not expect a new strategy to emerge any time soon.
"Koh is basically the same person as Shin," Korea Advanced Institute of Science and Technology business professor Chang Sea-jin said.
Analysts have said Samsung needed to step up its software and services offerings to revive its mobile business, but Koh, who has held mobile business roles since 2006, had an engineering background like Shin.
"There is no real change and Samsung appears to be continuing on the hardware-centric path," Chang said.
MOBILE STRUGGLES
Jay Y. Lee, 47, has been the de facto leader of the smartphones-to-construction conglomerate since his father and group patriarch, Lee Kun-hee, was hospitalised following a heart attack last year.
Under the younger Lee's leadership, the group has faced mounting investor pressure to boost shareholder returns and find new growth engines as the smartphone business slows.
Shin, in charge of the mobile business since 2009, was instrumental in delivering record profits through the sales of Galaxy smartphones before a sharp earnings decline starting last year appeared to put his standing at risk. Some media reports said he was on the way out last year.
Samsung has implemented new designs and cut prices for high-end products to boost sales, but researchers say its global market share continued to fall from a year earlier during the third quarter.
"This is basically a retirement for Shin," Chang said.
Others however said that Shin could still exert influence through his role as mobile division chief.
Samsung said Koh, previously head of Samsung's mobile research and development, played an important role in the development of premium devices such as the Galaxy S6 and the Galaxy Note 5.
The company touted his experience in helping to develop software and services such as its mobile payments service and the KNOX security platform.
"Jay Y. Lee has yet to assume the role of chairman so there's still some time before we see bigger-scale changes," said Chung Sun-sup, head of corporate analysis firm Chaebul.com.
Source: Reuters


Clic here to read the story from its source.