Samsung Electronics merges mobile and consumer electronics units, names new co-CEOs – TechCrunch

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Samsung Electronics today announced a new leadership that will replace the leaders of the three major divisions, which will take effect today (December 7th) with the largest shakeup since 2017, integrating mobile and consumer electronics units.

Jong-Hee (JH) Han, Head of Visual Display Business, has been promoted to Vice Chairman and Co-CEO, leading the newly integrated mobile and consumer electronics division, also known as the SET division, and will continue to oversee the visual display business. .. ..

Han, who has played a key role in the company that has won the top position in global TV sales in the last 15 years, said, “To strengthen the synergies between the various businesses of the SET division and promote new businesses and technologies. It is expected to be useful. ” Said.

Kyehyun Kyung, CEO of Samsung Elecro-Mechanics, will also be appointed Co-CEO of Samsung Electronics and will lead the company’s Device Solutions (DS) division, which spans semiconductors and component units.

The technology giant said the new leadership “will help lead the next stage of the company’s future growth and make the business more competitive.”

The integration of the two major units of mobile and consumer electronics is seen as an effort to simplify its structure and focus more on the semiconductor business.

The major remodeling announcement will be made about four months after the company’s vice president and de facto leader, Jay Y. Lee, was released on parole in August.

In November, Samsung announced plans for a $ 17 billion U.S. semiconductor plant in Tailor, Texas, launching a $ 205 billion investment plan over the next three years, including semiconductors, artificial intelligence, robotics, and biopharmaceuticals. ..

Kinam Kim, a former Vice President and Head of DS, has been appointed Chairman of the Samsung Advanced Institute of Technology. As part of the refurbishment, the company has also appointed Hark Kyu Park as the new Chief Financial Officer.

Samsung Electronics merges mobile and consumer electronics units, names new co-CEOs – TechCrunch Source link Samsung Electronics merges mobile and consumer electronics units, names new co-CEOs – TechCrunch

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