[THE INVESTOR] Samsung Electronics on Oct. 31 announced the appointment of new CEOs for its three key business units.
The tech giant named Kim Ki-nam, president of the device solution division, in charge of chip and display businesses, as CEO of the same unit. Kim Hyun-suk, president of visual display team, was named chief of the consumer electronics division, while Koh Dong-jin, president of the mobile division, will become chief executive of the handset unit.
Koh Dong-jin, CEO of Samsung`s mobile division.
The new appointments are effective immediately. The current CE CEO Yoon Boo-keun and mobile CEO Shin Jong-kyun will step down from their positions at the tech giant in March next year.
Lee Sang-hoon, CFO of the tech firm, will also retire from his post, but he has been recommended to lead the board.
The retirement of CEOs Yoon and Shin and CFO Lee came after the announcement of Kwon Oh-hyun, CEO of the DS unit, that he would leave Samsung to make way for a younger team at the firm in March next year.
Kim Kim-nam, who will replace the outgoing CEO Kwon, joined the tech giant in 1981 and worked for Samsung’s memory chip and system LSI units and display-making affiliate Samsung Display.
Kim Hyun-suk, a seasoned display expert, has received credit for helping Samsung top the global TV market for the 11th consecutive year.
Koh is considered to have played a key role in thrusting the firm’s Galaxy smartphone brand into the top echelon globally.
By Kim Young-won (firstname.lastname@example.org)