SEOUL, Feb. 28 (Korea Bizwire) – Samsung C&T Corp., the construction unit of Samsung Group, said Wednesday it hired a former General Electric Co.’s productivity expert as an outside director to enhance shareholders’ value by improving the governance structure.
Philippe Cochet, 58, who served as chief productivity officer at GE, the United States’ largest industrial conglomerate, is expected to help the builder increase productivity in the mainstay construction business and transform the biotechnology business into a new growth driver, Samsung C&T said in a statement.
The French native began his career at GE in 1994 and worked for French group Alstom SA from 2006 through 2015 before GE acquired Alstom’s power business, it said. He starts work on the Samsung C&T board in March.
Samsung C&T said it plans to hire additional foreign outside directors and a female outside director to increase diversity and share expertise among directors across the nine-member board.