Samsung Electronics, the South Korean tech giant, has reaffirmed its commitment to its dual-CEO structure for the year 2024. Despite uncertain business conditions, the company believes that this strategy will effectively address the challenges ahead. JH Han and Kyung Kye-hyun will assume the roles of co-CEOs, with JH Han no longer leading the Video Display business unit and Kyung Kye-hyun also taking charge of SAIT (Samsung Advanced Institute of Technology), the company’s research and development arm.

TM Roh, who has been successfully leading the Samsung MX division, was widely anticipated to be promoted as the third co-CEO. However, this promotion has not materialized, leaving many to wonder about the reasons behind this decision. Despite the global economic downturn, Samsung MX has performed commendably, contributing to the company’s profitability during difficult times. The company has yet to disclose the rationale for not elevating TM Roh to the co-CEO level.

The appointment of Jeon Young-hyun as the head of the Future Business Planning Unit highlights Samsung’s commitment to exploring new opportunities. His experience in growing the company’s memory, semiconductor, and battery businesses positions him well to identify and seize potential avenues for expansion on a global scale. As the former CEO of Samsung SDI, Jeon Young-hyun brings a wealth of leadership experience to his new role.

Yong Seok-woo assumes the position of President of the Visual Display Business Department (TV arm) of Samsung DX. With an extensive background as a TV development expert and previous experience in the development team, Yong Seok-woo is well-prepared to succeed JH Han, who has transitioned into the role of co-CEO.

Samsung’s Global Public Affairs Department will now be ledKim Won-kyung. With a proven track record in marketing and external cooperation, Kim Won-kyung’s appointment as president reflects Samsung’s dedication to cultivating fruitful collaborations in the future.

The establishment of Samsung’s new Future Business Planning Unit brings a fresh approach to the company’s quest for new business opportunities. Operating independently from existing business units, this group of Vice Presidents will have the freedom to explore untapped areas and revolutionize the industry landscape.

FAQ

1. Why did Samsung decide to maintain its dual-CEO structure?

Samsung believes that the dual-CEO structure is an effective approach to navigate uncertain business conditions and overcome future challenges.

2. What will TM Roh’s role be within Samsung Electronics?

TM Roh will continue leading the Samsung MX division, the company’s mobile devices division, without being promoted to the co-CEO level.

3. Who will lead Samsung’s Future Business Planning Unit?

Jeon Young-hyun, with his extensive experience in growing Samsung’s memory, semiconductor, and battery businesses, will be at the helm of the Future Business Planning Unit.

4. Who is taking over as President of the Visual Display Business Department?

Yong Seok-woo, a TV development expert with prior experience in the development team, is assuming the position of President of the Visual Display Business Department.

5. Who has been appointed as the head of Samsung’s Global Public Affairs Department?

Kim Won-kyung, with a background in marketing and external cooperation, has been chosen as the president of Samsung’s Global Public Affairs Department.