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Technology

Samsung appoints new mobile chief as Huawei chips away at market share

51-year-old president who championed outsourcing moves up at electronics giant

A Samsung Electronics' Galaxy Fold is seen on display during a media event in Seoul last September.   © Reuters

SEOUL (Reuters) -- Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd.

The South Korean firm also promoted the head of its network equipment business, which analysts said got a lift from a U.S. campaign to convince allies to bar Huawei from their networks.

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