Samsung Names New Chief Executive

Samsung Names New Chief Executive
Former CEO Choi Gee-sung will become head of Samsung Group Corporate Strategy
By Sophie Curtis
News Jun 11th 2012

South Korean technology giant Samsung has announced a management reshuffle that will see Kwon Oh-hyun replace Choi Gee-sung as chief executive of the company.

Kwon, who currently heads up the company's component business, will continue to oversee that division, but will also work alongside consumer electronics chief Yoon Book Keun to handle broader corporate matters, Samsung Group said in a statement.

The company's mobile phone business will remain under the control of its president, Shin Jong-kyun, and Jay Lee, the son of Samsung chairman Lee Kun-hee, will retain his post as chief operating officer.

In his previous role, Kwon led the expansion of Samsung's mobile chip business, capitalising on the growing popularity of smartphones and tablets. The company later became the sole supplier of processors for Apple's iPhone and iPad - rival products to Samsung's own Galaxy and Note.