Samsung Electronics named Roh Tae-moon, head of its cellular system division, as co-CEO main its total system enterprise, tasking him with main the tech big alongside chip division chief and CEO Jun Younger-hyun.
With the most recent appointment, Samsung has restored its co-CEO construction, almost 9 months after former Vice Chairman Han Jong-hee died in March. The corporate stated it expects the co-CEO system to strengthen its core companies and guarantee steady administration amid rising uncertainties, whereas additionally positioning the agency to safe future applied sciences.
In line with the appointment, Roh, who had been serving as performing head of Samsung’s Gadget Expertise (DX) division since April, was formally named to the place and co-CEO of the corporate. He can even proceed to steer the Cell Expertise (MX) enterprise, a subunit throughout the DX division.
Roh, an engineer who earned his Ph.D. at Pohang College of Science and Expertise, is understood for being one in all Samsung’s youngest-ever executives, turning into president in 2018, 21 years after becoming a member of the corporate. He’s credited with the sturdy efficiency of the Galaxy S25 collection and the Galaxy Fold 7, with the MX division producing 100.3 trillion received ($68.12 billion) in cumulative gross sales from January to September this yr. Analysts say the S25’s synthetic intelligence (AI) options and the Fold7’s distinctive kind issue performed a key position in boosting gross sales.
Samsung Electronics co-CEO and Vice Chairman Jun Younger-hyun, left, and newly appointed co-CEO and President Roh Tae-moon / Courtesy of Samsung Electronics
Jun, a vice chairman, will stay co-CEO and proceed to steer the chipmaking Gadget Options (DS) division and the reminiscence enterprise. Nevertheless, he’ll hand over the management of Samsung Superior Institute of Expertise (SAIT) to Park Hong-kun, who will be part of the corporate on Jan. 1 as president.
Incoming Samsung Electronics President Park Hong-kun
Park is the Mark Hyman Jr. Professor of Chemistry and professor of physics at Harvard College. He’s a famend researcher within the fields of nanoscience, quantum science and engineering.
Samsung stated it should preserve the construction of its two division heads sustaining their management for its MX and reminiscence enterprise to be able to strengthen its competitiveness.
To strengthen its technological functionality, Samsung additionally promoted Yoon Jang-hyun, beforehand the CEO of Samsung Enterprise Funding, to president, tasking him with the position of chief expertise officer (CTO) of the DX division and the top of Samsung Analysis.
Samsung stated it has appointed high consultants as head of SAIT and CTO of the DX division to “drive analysis on next-generation semiconductor applied sciences and speed up the corporate’s transition into an AI-driven group.”
The newest reshuffle is seen as Samsung’s determination to prioritize stability amid rising market uncertainties. Earlier than Friday’s announcement, there had been hypothesis that the corporate would possibly overhaul its president-level management to refresh the whole group however, the precise appointments point out that Samsung selected to place better emphasis on continuity moderately than sweeping modifications.
Because the firm unexpectedly promoted two presidents in March and April, there may be hypothesis that additional shock appointments might come this yr. With most heads of main enterprise departments remaining of their positions, Samsung stated it should quickly announce a vice president-level reshuffle and different organizational modifications.
