Samsung Names New Executives
Samsung today made sweeping changes to its leadership. The news comes several weeks after Kwon Oh-hyun, CEO and Vice President of Samsung Electronics Corp., announced plans to step down from his leadership role with the company. Samsung said Presidents Kinam Kim, Hyunsuk Kim, and Dongjin Koh will succeed Kwon and Presidents Boo-Keun Yoon and Jong-Kyun Shin, respectively, as heads of the display, consumer electronics, and integrated circuit divisions. Samsung said it will maintain a structure with three co-CEOs. Additionally, President Sang-Hoon Lee will leave his position as CFO. The leadership changes are effective immediately. The move helps fill the leadership vacuum left by Kwon and Samsung scion Jay Y. Lee, who was arrested on bribery charges earlier this year.
Samsung Electronics' CEO Resigns Unexpectedly
Kwon Oh-hyun, CEO and Vice President of Samsung Electronics Corp., today announced plans to step down from his leadership role with the company. "As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry," said Kwon in an email sent to employees.
Samsung Executive to Be Charged with Bribery
The special prosecutor's office in South Korea today said it will charge Samsung Executive Jay Y. Lee in a bribery case that has shaken the country.
Samsung Mobile CEO to Cede Daily Management Duties
Samsung today said J.K. Shin, the long-time leader of the company's mobile phone business, will cede control as part of the firm's annual personnel assessment.
Samsung Heir Arrested On Bribery Charges
Jay Y. Lee, a top executive at Samsung, has been arrested after a judge agreed that the special prosecutor's allegations of corruption warranted legal action.