Samsung renews its leadership and replaces its three CEOs

Seoul, December 7 (EFE). South Korean technology company Samsung Electronics on Tuesday announced a profound and unusual change in leadership as it replaced its three chief executives to boost its growth and competitiveness, according to a statement.
Han Jung-hee, an expert in television research and development who has played a key role in the development of the sector within the conglomerate, has been promoted to Vice President and CEO and will be responsible for a newly created division of the merger of the group’s consumer electronics, telecommunications and mobile divisions.
So far, these two branches of business have had Kim Hyun Suk and Koh Dong Jin as CEOs, respectively.
Samsung hopes Han’s appointment will enhance synergies between the various companies in the new division, dubbed SET, “and help drive new business and technologies.”
The South Korean giant has also appointed Kyung Kye-hyun, a semiconductor expert who previously held the same position at Samsung Electro-Mechanics and will also lead its Device Solutions (DS) division, which includes operations from now on, as CEO. The highlights of the company) and screens.
“We hope it will help maintain the company’s leadership in the semiconductor field and lead innovation in the components business,” Samsung said of Keung’s appointment.
Samsung, the world’s second largest semiconductor supplier, is seeking to outpace its biggest competitor, Intel from the United States, which currently leads the global sector and with which it has dominated this influential industry for several years.
Kim Ki Nam, Vice President and to date Director of DS Division, has been appointed, for his part, as President of Samsung Institute of Advanced Technology.
The company, which also announced changes in its financial direction (in which Park Hark-kyu led) and in other branch management positions in the United States, said the management renewal aims to “the next stage of growth. The future of the company and its strengthening business competitiveness” .
The company announced two weeks ago that it will build a second advanced chip factory in Texas (USA), in which it will invest 17 billion dollars, and this constitutes an important axis within its capital investment plans.