ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

Samsung replaces CEOs as Vice Chairman Lee seeks new direction

South Korean giant merges mobile, consumer electronics divisions to stay on top

Samsung Electronics is facing competitive challenges in computer chips and smartphones.   © Reuters

SEOUL -- Samsung Electronics replaced all of its chief executives and slimmed down its corporate structure into two business divisions as Vice Chairman Lee Jae-yong positions the company to deal with an increasingly competitive global business landscape.

The South Korean company on Tuesday announced Kyung Kye-hyun, the head of Samsung Electro-Mechanics, was named CEO of Samsung's device solutions division, which focuses on semiconductors. Han Jong-hee, who led the company's TV business, was made CEO of the division resulting from the merger of the mobile and consumer electronics entities that cover smartphones, TVs and other appliances. The company now has two CEOs instead of the previous three.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more