Samsung Shuffle Gives Younger Lee Test to Show Who’s Boss
- Mobile-phone unit set to be held accountable for profit slump
- Annual management revamp to include construction, shipbuilding
Shakeup: Samsung Replaces Mobile-Unit Chief
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Samsung Group Vice Chairman Lee Jae Yong faces his first real test as the conglomerate’s de facto leader, and it doesn’t look good for executives at the mobile-phone division.
Samsung Electronics Co. is on pace for its lowest profit in four years, and shipments of all phones are heading for a second straight annual decline under co-Chief Executive Officer J.K. Shin. South Korea’s biggest chaebol has an annual ritual of moving managers across its companies, and this week’s review is set to be more sweeping amid losses in construction and shipbuilding.