Samsung Electronics has announced an inner reorganization of its companies with a number of modifications to management. The corporate can have two new CEOs overseeing two divisions: System Options, which is the semiconductors enterprise, and a brand new SET Division that features cell, TVs, and shopper electronics. It’s the largest change to Samsung’s construction since 2017, when the corporate appointed three leaders for 3 separate divisions.
Jong-hee (JH) Han, the pinnacle of the Visible Show enterprise, can be now a co-CEO with duty for the SET division. Samsung credit him with having led the corporate to the highest place in TV gross sales worldwide for 15 years working and says he’s “anticipated to strengthen the synergies among the many totally different companies within the SET Division and assist drive new companies and applied sciences.”
The opposite new CEO is Kyehyun Kyung, beforehand CEO of Samsung Electro-Mechanics. He’s additionally labored on Samsung’s flash reminiscence product workforce and the DRAM design workforce up to now, and can now be tasked with main Samsung’s all-important, extremely worthwhile semiconductors division.
Samsung has additionally named heads of North American workplaces for each the SET and DS divisions, in addition to a brand new CFO, Hark Kyu Park. The administration shakeup successfully streamlines the sprawling tech large’s organizational construction into two companies for shopper merchandise and elements respectively.