Samsung Electronics CEO Kwon Oh-Hyun unexpectedly announced his plans to resign in early October citing the need for new leadership.
The electronics giant has now appointed three new CEOs for the next phase of its growth. Presidents Kinam Kim, Hyunsuk (HS) Kim, and Dongjin (DJ) Koh will succeed Vice Chairman Oh-Hyun Kwon, Presidents Boo-Keun Yoon and Jong-Kyun Shin, respectively, as heads of the DS, CE, and IM Divisions.
The Company will maintain the current three co-CEO management structure. All new appointments will be effective immediately.
Mr Kwon stated, “The next generation of leaders are well suited to accelerate the pace of innovation and address the demands of the connected world. They have proven track records with extensive experience and outstanding expertise in their fields.”
In a joint statement, Mr Yoon and Mr Shin said that they have made the decision to follow Mr Kwon’s earlier announcement to resign, making way for new leaders. “It is an honour and a privilege to have been part of the historic rise of Samsung Electronics. We are confident that our successors will keep the Company on its growth path.”
At the next AGM in March 2018, the three new Division heads will join the Board of Directors. Messrs. Kwon, Yoon and Shin will remain as members of the Board until then.
- Kinam Kim joined the Company in 1981 and is an IEEE fellow and renowned authority in semiconductors, having served as the head of Samsung Advanced Institute of Technology; CEO of Samsung Display; head of the Memory, System LSI Businesses and until now was responsible for the overall semiconductor business.
- HS Kim is a leading expert in display products, has played a major role in the Company achieving the top position in global TV sales for the 11th consecutive year with numerous display technology breakthroughs.
- DJ Koh has recently delivered solid results in the mobile business, having overseen the development of its flagship Galaxy smartphones with differentiated products and services, based on his vast experience as the previous head of mobile R&D.
