Menu
Samsung Electronics names new CEO in major reorganisation

Samsung Electronics names new CEO in major reorganisation

Samsung Electronics has named a new CEO as the company undertakes a major reorganisation intended to improve its competitiveness.

The company named Geesung Choi as CEO. Choi takes over from Yoon-Woo Lee, who will become chairman of the company. Choi previously served as the head of Samsung's digital media division and once ran its telecommunications equipment unit.

In addition to Choi's appointment, Jay Lee, formerly a senior vice president, was promoted to executive vice president and will take the newly created post of chief operating officer. Ju-Hwa Yoon, formerly head of Samsung's corporate audit team, will take the role of chief financial officer.

The changes to Samsung Electronics' leadership come as the company undergoes a significant restructuring that will see its different divisions begin operating more like independent companies, each with their own president and chief financial officer. To do this, the company will change its structure, replacing 10 different divisions that operated under two business groups with a flatter structure comprised of seven independent companies, each reporting directly to the top executives.

The reorganization will see Samsung Electronics move from a structure with three senior decision-making layers to a structure with two, which should allow the companies to respond more quickly to technological advances and changes in market conditions.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags samsunginternational news

Featured

Slideshows

Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established and emerging partners on a memorable night in Auckland.

Reseller News ICT Industry Awards 2017 - Meet the winners...
Show Comments