Giant Korean company Samsung looks set to shuffle its leadership following a year which has seen its mobile fortunes dip.
The Wall Street Journal, quoting people “familiar with the matter” is tipping the toppling of mobile head JK Shin – he’s the co-CEO of a company that has made in its time everything from motor cars to aircraft jet engines.
And if Shin loses his job, it could be to another co-CEO, BK Yoon, a man in charge of its TV and washing machine businesses.
The job could however go to its third co-CEO, Kwon Oh-hyun. He’s a semiconductor man and also looks after Samsung’s display panels.
The reason why Samsung has this unusual triumvirate in place is because its chairman Lee Kun-hee had a heart attack this year and is out of play at the chaebol.
Samsung is under pressure from companies in China and in India that don’t have the large overhead it has in terms of manufacturing and headcount.
In the UK, heads have already rolled and the company is still looking to appoint a replacement after the last appointee only lasted a few months.
