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Samsung has announced a leadership shuffle, promoting some executives and moving others to new roles. The company is keeping its dual-CEO structure with no change of personnel there. This means its mobile boss TM Roh isn’t promoted as the third co-CEO of the conglomerate.
Samsung decided not to promote TM Roh to CEO
TM Roh has led Samsung’s mobile division, aka Samsung MX, for the past few years. He is usually on the stage at Galaxy Unpacked events unveiling the latest flagships and foldables. We expect to see him in San Jose in January 2024, introducing the Galaxy S24 series. The company has stuck with him through the recent ups and downs in the business.
The unit has been doing better lately, leading to reports that Roh may get a promotion to CEO, serving Samsung as the third co-CEO. However, the Korean behemoth has decided not to do that and stick to its existing dual-CEO structure. That means Han Jong-hee and Kyung Kye-hyun will remain the two Chief Executive Officers of the company.
Han, who is also a Vice Chairman at Samsung, will continue to head the DX Division—Device Experience unit encompassing Visual Display Business, Digital Appliances Business, Health & Medical Equipment Business, MX Business, and Networks Business. He is the head of the Home Appliances Division too. He is relinquishing his role as the head of the Visual Display Business (TV unit), though.
Samsung says Yong Seok-woo, who was previously the Vice President of the Visual Display Business, will now outright lead the unit as the President. Co-CEO Kyung, meanwhile, is taking up the role of SAIT (Samsung Advanced Institute of Technology) Director while continuing to lead the DS Division (Device Solutions or semiconductor unit). SAIT is the company’s research and development unit.
Samsung has established a Future Business Planning Group
Samsung’s latest leadership shuffling also sees Kim Won-kyung, who was the Head of the Global Public Affairs Team under the Management Support Office of the DX Division, promoted to the Head of Global Public Affairs for the whole company. Additionally, it has formed a Future Business Planning Group and appointed Jeon Young-hyun as its Vice Chairman and Head. Jeon was previously the Chairman of the Board of Directors of Samsung SDI (battery unit).
According to the company, the Future Business Planning Group is a dedicated organization working on discovering new businesses and business opportunities “that can change the future industry landscape.” The businesses shouldn’t be an extension of the existing business, so Samsung is looking for ways to expand itself to new territories in the coming years. The firm will announce its lower-level executive shuffling soon.
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