South Korean electronics manufacturer Samsung appointed its youngest-ever president Roh Tae-moon, aged 51, as its new mobile chief on Monday. The reshuffling is taking place as a result of a number of court cases involving some of its top executives, including leader Lee Jae-yong. Current Mobile Chief DJ Koh will continue to lead the IT & mobile communications division of Samsung. Samsung hopes to defend its lead in the smartphone market from increasing challenges from rivals such as Huawei Technologies.
The current smartphone leader Samsung held a market share of 21 percent in the third quarter, but Huawei closed in with 18 percent, in the latest standings. The sales have continued to increase for Huawei even it was barred from doing business with most U.S. companies in May, stopping them from using apps such as Alphabet Inc. (GOOGL.O) Android.