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Samsung s mobile chief keeps his job
A number of leading executives were moved or promoted, but the three co-CEOs of Samsung Electronics all retained their posts, including J.K. Shin, components unit chief Kwon Oh-Hyun and the head of the consumer electronics division B.K. Yoon. Shin's position had been seen as particularly vulnerable, as the mobile unit that was responsible for Samsung's extraordinary run of record profits in recent years was also behind the slump in the past two quarters. Shin "Made many contributions in making Samsung Electronics the world's top mobile handset maker", Samsung Group spokesman Lee June told reporters. Shin, 58, has led Samsung Electronics' mobile unit since 2012 and played a key role in the South Korean giant's rise to become the world's top smartphone maker. Samsung posted a 50-percent drop in third-quarter net profit, following a 20 percent drop in the previous quarter. The net profit for the July-September period was the lowest for nearly three years. Samsung produces a range of products from handsets to memory chips and TVs but the mobile business comprises the lion's share of its overall sales. Samsung's share price has tumbled more than 10 percent this year as growth in the key smartphone business begins to lose steam.

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