Samsung merges mobile and consumer electronics businesses

• Samsung now has two co-CEOs for powerhouse components business and combined mobile and consumer-electronics unit

• Samsung said the new CEOs will help in leading the next phase of growth

Samsung Electronics Co. merged the company’s mobile and consumer electronics businesses into a single unit and replaced the heads of the units.

The company, after the rearrangement, has two co-CEOs with Kyung Kye-hyun leading the powerhouse components business and Han Jong-hee leading the combined mobile and consumer-electronics unit.