Samsung Electronics leadership big exchange of blood: consumer electronics and other business executives

SAN FRANCISCO (MarketWatch) - Samsung appointed Kim Ki-nan to replace the company's vice chairman and chief executive officer, Oh-Hyun Kwon, who said he would resign from management, and that in other leadership changes Kim Hyun-suk will be responsible for the consumer electronics business, and Koh Dong-jin will lead the IT and mobile communications division. The new appointment will take effect immediately.

Samsung announced that it would continue to maintain the management structure of the three co-CEOs and, for the first time, separate the role of the chairman and chief executive officer in announcing the reorganization of the leadership.

Following the allegations of bribery and corruption, following the succession of Samsung's successor, Li Zongrong, who served as chief executive of the company earlier this month, Samsung said that after the end of March 2018, And then seek to enter the Samsung board.

"As a result of the reorganization of the management, Samsung has a lot of experienced old employees will be improved, 'Moore insight and strategic company president and chief analyst Patrick Moorhead (Patrick Moorhead) said,' I think Samsung needs to ensure that at least one The successor has a long history of the company.

According to Daniel Yoo, director of global strategic team at Kiwoom Securities in South Korea, some observers at Samsung are concerned that appointing Kim Ki-nan may lead to a massive increase in the production of DRAM chips by the tech giant, which will help South Korea to win market share, but this May be down Samsung's current product prices.

In addition, earlier today, Samsung Electronics announced a record profit in the third quarter, because the demand for mobile devices and server memory chips is very strong.

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