When you're an enormous company like Samsung and your profits are seeing a steep decline, changes in upper management become a necessary evil, especially if you wish to see yourself remain at the top. Samsung recently said that it was restructuring some of its management, and as part of that reshuffle, the Korean manufacturer has named Pranav Mistry as global vice president of Samsung Electronics. For those that aren't aware, Mistry – an Indian by origin – was responsible for the design of the original Galaxy Gear, which became the first Android smartwatch to make it to the consumer market, and is currently working at Samsung's research unit in the US (in the Silicon Valley.)
Samsung's smartphone unit has seen a considerable decline in profits over the last year, and the company is no doubt hoping that Mistry and other top officials will bring around changes that help it return to its glory days. It's unclear who will replace Mistry in Samsung's wearables unit, but we're guessing the company will be taking a calculated decision in that regard given how important the wearables market is shaping up to be.
