Two top executives raised to co-chief executive officer status

Mar 15, 2013 12:04 GMT  ·  By

Corporations usually have just one chief executive officer. That is, after all, why it is called a chief executive.

Samsung doesn't care though. In fact, Samsung has just increased its number of CEOs from one to three.

The leader of Samsung's TV division, Boo-keun Yoon, and the president of the phone division, President J.K. Shin, will be joining Vice Chairman Oh-Hyun Kwon at the top.

Both presidents will continue to manage their respective divisions, just like Oh-Hyun Kwon will retain his position as the head of Samsung Electronics’ component division.

“The new leadership structure will serve to clarify and enhance independent management of the two set divisions, as well as the independent management of the set and component businesses,” Samsung said in a statement.

Now we just have to wait and see what the trio does, if anything, about the Lackluster demand for Windows.