Important personnel changes have taken place in the management of Samsung Electronics

Samsung decided to update the management team in the semiconductor business back in May, when Jun Young-hyun was appointed to the post of head of the specialized division. It took him only six months to share the post with the company’s CEO. At the same time, Samsung’s division for the production of memory chips, which is the largest in the structure of the Korean giant, will come under the direct subordination of Chun Yong Hyun.

Image Source: Samsung Electronics

As Bloomberg notes, the current head of Samsung’s memory business, Lee Jung-bae, will leave his post and become an advisor as a result of the new appointments. The contract division, which specializes in the production of chips for orders from third-party clients, is now headed by Han Jinman, who will combine this position with the post of president of Samsung Electronics. At the same time, Nam Seok-woo, who led engineering operations at the enterprises, was appointed to the position of technical director of Samsung’s contract division. Previously, Samsung’s contract division did not have a technical director. A new head, Kwan Kim Yong, will also formulate the strategy of the Device Solutions division.

The changes also affected the financial sector. CFO Park Hark-kyu will simultaneously vacate the post of president of Samsung Electronics, but will not leave the company, but will be responsible for supporting corporate clients. Samsung has yet to appoint a new CFO. The head of the company, Lee Jae-yong, as explained by Reuters, said this week, commenting on new attempts by prosecutors to bring charges against him, that he was “aware of the gloomy forecasts regarding the future of Samsung.” This week, Lee Wonjin was appointed to lead the company’s global marketing efforts. Such serious changes are apparently aimed at strengthening Samsung’s position in the market, including the memory and contract manufacturing segments.