SAN JOSE, Calif .-- (BUSINESS WIRE) - Samsung Electronics Corporation announced its leadership reorganization on Oct. 31, and said it will maintain its current three-member co-CEO management structure, with Samsung Semiconductor's chief executive officer Kim Ki-nan replacing Samsung's chief executive officer Vice president of the right Wu Hye-hyun's position; Samsung display executive vice president Jin Xuan stone to replace Yin Fugen, successor for the consumer electronics department heads and president; was responsible for monitoring the flagship smartphone developed Samsung's high East Township took over Shen Zongjun's duties, as IT and President of mobile communications business.
It is reported that these new appointments take effect immediately.In addition, Samsung Electronics will be the first separation of the CEO and the chairman of the board role. Chief Financial Officer Li Shangxun was recommended to serve as chairman of the board.
At the beginning of October, the right to announce that the plan to resign as CEO and co-chairman of the board position, so that the world's largest smart phone, TV and memory chip manufacturers face further expansion of leadership vacancies, so the company needs to be important The task becomes: looking for new top leaders.
Now, Samsung announced that it will maintain the current three-member co-CEO management structure.It is understood that the replacement of the five-hyun Samsung Semiconductor business unit president Kim Ki-nan, since 2014, served as president of Samsung Semiconductor, and the right to create the sector Has become the company's most profitable business.He spent his entire career in Samsung, joined Samsung in 1981, nearly 40 years old when promoted to executives, led some of Samsung's most advanced memory chip development. Samsung's website , The 59-year-old executive found and nurtured 'the next generation of technology that will have a huge influence.' If he promoted the CEO, it would be the first semiconductor engineer to be promoted to the top job. Park Ju, head of enterprise observation agency CEOScore Park Ju Gun, transliteration) said that Kim Ki-nan about a year ago privately told the people around, he is expected to take over five Hyun-hyun.
South Korea's Kiwoom Securities global strategy team leader Daniel Yoo said that some of Samsung's observers fear that the appointment of Kim Ki-nan may lead to the technology giant to increase the production of DRAM memory chips, which will help South Korea to win market share, but this may be down Samsung current product prices.
Samsung's performance is now record, the stock is close to historical highs.According to Samsung Electronics released a report on the 31st report, the third quarter operating profit of 14.53 trillion won (about 860 billion yuan), the same year By 179%, another record high since the second quarter, sales of 62.05 trillion won, an increase of 29.8% net profit of 11.19 trillion won.
Specifically, the semiconductor sector operating profit of 9.96 trillion won, approaching 10 trillion mark, more than the overall operating profit of Liu Cheng, following the first quarter (6.31 trillion won), the second quarter (8.03 trillion won) (DP) and consumer home appliances (CE) departments, respectively, in the same period, the semiconductor sector operating profit of only 3.47 trillion won in addition to smart phones and other IM (IT mobile) sector profit of 3.29 trillion won, To achieve 977 billion and 440 billion won in operating profit.