Samsung ends the existence of its mobile phone division as a separate entity
As most of its profits now come from the semiconductor division, Samsung has decided to streamline its corporate structure, merge the mobile with the consumer electronics division, and, respectively, reduce the number of co-CEOs from three to two.
- JH Han is a leading expert in TV research and development and has played a major role in the Company achieving the top position in global TV sales for the 15th consecutive year. He is expected to strengthen the synergies among the different businesses in the SET Division and help drive new businesses and technologies.
- Kyehyun Kyung, who has been the CEO of Samsung Electro-Mechanics, is an expert in semiconductor design, having previously been the head of Samsung Electronics’ Flash Product & Technology Team as well as part of the DRAM Design Team. He is expected to help maintain the Company’s semiconductor leadership and lead innovation in the components business.
- Yongin Park, named President and Head of System LSI Business; previously Executive Vice President and Head of System LSI Sales & Marketing
- Hark Kyu Park, named President and Chief Financial Officer; previously President and Head of the Corporate Management Office, DS Division
- Kinam Kim, named Chairman of Samsung Advanced Institute of Technology; previously Vice Chairman and head of the DS Division
- KS Choi, named President and Head of North America Office for SET Division; previously Executive Vice President and Head of North America Office
- Inyup Kang, named President and Head of North America Office for DS Division; previously President and Head of System LSI Business
Today’s announcement shows the company keeps its performance-driven culture. It also shows Jay Y. Lee’s willingness to more actively engage in management… Apple uses one OS for phones, PCs and TVs and its products show seamless integration. Samsung’s IT products, however, lack such seamless integration between phones and gadgets. The merger between its consumer and mobile divisions, which have until now operated independently, may help fix this issue.
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