Samsung’s Lee Opts for Stability to Manage Revival
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Lee Jae Yong chose stability over recriminations at Samsung Electronics Co. as the vice chairman kept the leaders for smartphones, TVs and memory chips even after posting the smallest profit since 2011.
All three co-chief executive officers, including the mobile division’s Shin Jong Kyun, remain in their jobs as part of the annual management revamp by Samsung Group. The conglomerate announced 11 executive changes today, citing business performance reasons.