Samsung Electronics mentioned on Monday that it’s going to retain the positions of its present two CEOs going ahead.
CEOs JH Han and Kyung Kye-hyun will every proceed to move the System Expertise and System Resolution divisions, respectively, the corporate mentioned in its 12 months’s finish reshuffle announcement.
Samsung mentioned it was sustaining their posts contemplating the present “harsh enterprise actuality”.
The tech large is seeing its earnings drop from the lowered demand for reminiscence chips and client electronics, which have been at all-time highs in the course of the pandemic.
Samsung skilled its first annual revenue drop in three years in the course of the third quarter and analysts count on the corporate to submit related leads to the fourth quarter.
Younghee Lee grew to become Samsung Electronics’ first lady president. Picture: Samsung
Additionally, essentially, its historically sturdy companies resembling cell and TV are seeing development slowdown on the whole. On the identical time, its logic companies, Samsung Foundry and Samsung System LSI, which the corporate deems its subsequent development engines, have proven blended performances prior to now couple of years.
In the meantime, Samsung additionally introduced its first lady president. President is the best government place inside the digital maker solely behind CEO and vice chairman.
President Younghee Lee was named the worldwide market officer of the System Expertise division, or DX division. Often known as a advertising professional and having beforehand labored at L’Oreal, she joined Samsung in 2007.
She was instrumental in selling Samsung’s Galaxy smartphone model when the corporate’s cell enterprise was fast-rising within the smartphone sector beginning within the early 2010s below the management of then-CEO JK Shin.
