Samsung Electronics Co Ltd will merge its mobile and consumer electronics divisions and has named new co-chief executive officers in its biggest reshuffle since 2017 to simplify its structure and focus on growing its logic chip business.
The sweeping move announced on Tuesday, is the latest sign of centralised change at the world’s largest memory chip and smartphone maker after Vice Chairman Jay Y Lee was paroled in August from a bribery conviction.
The head of the visual display business, Han Jong-hee, was promoted to vice chairman and co-CEO and will lead the newly merged division spanning mobile and consumer electronics as well as continuing to lead the TV business.
Han has risen through the ranks in Samsung’s visual display business, without experience in the mobile division.
Kyung Kye-Hyun, the CEO of Samsung Electro-Mechanics, was named co-CEO of Samsung Electronics and will lead the chip and components division.