Jun Young-hyun, vice chairman and head of the device solutions division at Samsung Electronics Co., speaks at a tool-in ceremony for the company’s new semiconductor research and development complex near Seoul on Nov. 18, 2024, in this file photo provided by the company. (Image courtesy of Yonhap)
SEOUL, Nov. 27 (Korea Bizwire) — Samsung Electronics Co. announced its new leadership Wednesday with a focus on the semiconductor business, in an apparent move to strengthen its future competitiveness in the field.
Jun Young-hyun, vice chairman and head of the device solutions division, was named CEO and will also lead the memory business and Samsung Advanced Institute of Technology, the Korean company said in a press release.
In a bid to bolster its technological competitiveness, the new CEO will directly manage the memory business unit.
Han Jin-man, Samsung Electronics Co.’s new head of its foundry business (Image courtesy of Yonhap)
Han Jin-man, former executive vice president and president of Device Solutions America, was promoted to president and will head the foundry business, which is suffering a loss of trillions of won.
Han is expected to work to enhance the competitiveness of the foundry business through his network of global clients and his technological expertise.
Samsung Electronics also newly created the chief technology officer position for its foundry business and appointed Nam Seok-woo, former president and head of FAB Engineering & Operations.
Kim Yong-kwan, former executive vice president of a business support taskforce, has also been promoted to president of management strategy at the device solutions division.
The latest reshuffle affected seven other officials, who have been reassigned to new positions, along with the two promoted to chief executive positions.
Samsung Electronics said the reshuffle is aimed at giving new challenges, such as the innovation of brands and consumer experience, to veteran executives with “global leadership” and “excellent management capabilities” to foster mid-to-long-term growth of the company.
(Yonhap)
