Samsung names new executives for business divisions

Seoul Oct 31 (IANS) In line with steps to adopt new leadership amid the absence of heir apparent Lee Jae-yong Samsung Electronics said on Tuesday that it has named new executives to head its business divisions.

Samsung said Kim Ki-nam will head the device solutions division which oversees the company s chip business Yonhap news agency reported.

Kim Hyun-suk was named to head the consumer electronics division while Koh Dong-jin was tapped as the new head of the IT and mobile division the company was quoted as saying.

Samsung said it would maintain the current three co-CEO management structure.

The announcement came as Samsung s CEO and Vice Chairman Kwon Oh-hyun who also headed the chip business offered to resign in October along with Yoon Boo-keun and Shin Jong-kyun who headed the consumer electronics and mobile divisions respectively.

Kwon Yoon and Shin will remain as members of the board until March.

Samsung said while Lee Sang-hoon would step down from the seat as the Chief Financial Officer he was recommended to succeed Kwon as the Chairman of the board in March.

--IANS
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