Three deputies to the head of Samsung Electronics Co Ltd's mobile division are leaving Bismack Biyombo Jersey , a person with knowledge of the matter said on Thursday, as the world's largest smartphone maker faces a rapid decline in profit.
The person, who declined to be named due to the sensitivity of the matter, said the executives directly report to division chief J.K. Shin, who this week retained his post despite sagging smartphone sales and expectations the company will see its worst annual profit in three years in 2014.
The departures included global marketing chief D.J. Lee, the source said, confirming earlier media reports.
Samsung Electronics declined to say if any executives were leaving the company as it announced its annual reshuffle for executive-level staff.
But the announcement showed Samsung had made 165 executive-level promotions, the lowest number in at least four years, underscoring the strains the South Korean company is under.
"Shin was given another chance, given his past contributions, but he will definitely continue to feel the pressure going forward," said IBK Securities analyst Lee Seung-woo ahead of Samsung Electronics' staff announcement.
Samsung's share of the smartphone market has fallen year-on-year for the last three quarters, squeezed by Chinese rivals like Xiaomi Technology Co Ltd [XTC.UL] at the low-end and Apple Inc's iPhones in the premium segment.
Samsung Electronics is expected to announce its annual business reorganisation plan by next week.
The company has kept mum about the details but the Joongang Ilbo newspaper reported earlier that Samsung will reduce executive-level positions for its mobile communications business by 25 percent. Other media reported the company could hive off its medical equipment business.
Samsung earlier this week said it will sell its fibre optics business to U.S. speciality glass maker Corning Inc, its second exit from a non-core business this quarter.
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MUNICH, May 8 (Xinhua) -- German car producer Audi AG reported on Friday that its sales continued to grow in April after the best first quarter in its history.
Some 152,850 automobiles were delivered to customers in April, a year-on-year increase of 2.5 percent, according to an official announcement.
From January to April, global unit sales of the four-rings company grew by 5.2 percent to around 591,050 premium automobiles.
"Audi remains on course and posted a solid sales performance in April. Despite the upcoming generation changes in key model families and sales markets, we have surpassed the record figures of the previous year," said Luca de Meo, board member for sales and marketing.
According to the announcement, Audi has sold 178,612 cars so far this year in the Chinese market, 5.2 percent more than the same period of 2014. In April alone, 45,296 sales were delivered to Chinese customers, increasing by 0.2 percent year-on-year.
TBILISI, July 10 (Xinhua) -- Georgia will purchase additional military equipment from the United States to beef up its defense capabilities, Georgian Defense Ministry announced Monday.
"Within the framework of bilateral military cooperation, the U.S.government will annually allocate some financial aid to increase Georgia's defense capabilities," the Defense Ministry said in a news briefing.
The purpose of the purchase of the military property will be carried out within the scope of this assistance", it said.
According to the Ministry, the purchase will occur within the framework of the ongoing replacement of Soviet armament with the NATO one.
In order to join the NATO, Georgia has stepped up the military cooperation with the United States and other Western countries in recent years.
In 2016 alone, Georgia launched three joint military exercises with NATO countries.
Earlier this month, the Defense Ministry announced that together with the United States, a three-week joint military drill, named "Noble Partner 2017", would be launched near Tbilisi at the end of July.
Research vessel "the Kexue" leaves port in China's Qingdao
Aerial photos show Hukou Waterfall of Yellow River
Shelter forest protects desert highway from intrusion of sand in Xinjiang
Taiwan's 1st unmanned bus starts test run in Taipei
Weekly choices of Xinhua photo
China's Qinghai Hoh Xil enters world heritage list as natural site
Chinese aircraft carrier formation arrives in HK, to open for public to visit
Main structure of Hong Kong-Zhuhai-Macao Bridge finished
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