Samsung combines cellular and shopper electronics companies

Samsung Electronics has introduced an inside reorganization of its companies with a number of adjustments to management. The corporate may have two new CEOs overseeing two divisions: System Options, which is the semiconductors enterprise, and a brand new SET Division that features cellular, TVs, and shopper electronics. It’s the largest change to Samsung’s construction since 2017, when the corporate appointed three leaders for 3 separate divisions.

Jong-hee (JH) Han, the top of the Visible Show enterprise, can be now a co-CEO with duty for the SET division. Samsung credit him with having led the corporate to the highest place in TV gross sales worldwide for 15 years working and says he’s “anticipated to strengthen the synergies among the many totally different companies within the SET Division and assist drive new companies and applied sciences.”

The opposite new CEO is Kyehyun Kyung, beforehand CEO of Samsung Electro-Mechanics. He’s additionally labored on Samsung’s flash reminiscence product group and the DRAM design group prior to now, and can now be tasked with main Samsung’s all-important, extremely worthwhile semiconductors division.

Samsung has additionally named heads of North American workplaces for each the SET and DS divisions, in addition to a brand new CFO, Hark Kyu Park. The administration shakeup successfully streamlines the sprawling tech large’s organizational construction into two companies for shopper merchandise and parts respectively.