Samsung Electronics Names New Co-CEOs

Samsung Electronics Co. on Thursday named the head of its consumer electronics and mobile divisions as co-chief executives, a move that analysts say won’t significantly alter the company’s current management structure or rebalance power.

In a statement, Samsung, the world’s biggest maker of memory-chips and smartphones, said Yoon Boo-keun, the president of Samsung’s consumer electronics division, and J.K. Shin, the president of the company’s telecoms division, will take on expanded roles as chief executives, together with Kwon Oh-hyun who oversees the company’s components business.