Samsung Electronics Shakes Up Leadership Lineup

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SEOUL—Samsung Electronics Co. shook up its senior ranks on Tuesday in a move that would replace all of its co-chief executives and strip its board chairman of any executive role for the first time as it looks to address concerns about a leadership vacuum at the top.

On the same day it delivered another quarter of record profits, the South Korean technology giant appointed new heads of its three main business lines: mobile, electronics components and consumer electronics.