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Samsung names Kwon Oh hyun as new CEO

Samsung names Kwon Oh-hyun as new CEO

By Reuters | Updated: 7 June 2012 13:56 IST

Samsung Electronics Co named on Thursday Kwon Oh-hyun, the head of its components business, as its new chief executive, replacing Choi Gee-sung, who it said will assume a new role.
"As before, Vice Chairman Kwon will oversee the company's component business, but, as CEO, will also handle corporate-wide affairs," Samsung group said in a statement.

Choi will retain his seat on Samsung Electronics board and assume the role of the head of Samsung Group Corporate Strategy Office to focus on future growth engines for the entire Samsung group of companies.

Jay Lee, the son of Samsung Electronics chairman Lee Kun-hee, will remain as chief operating officer, Samsung said.

Copyright Thomson Reuters 2012

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Further reading: Choi Gee-sung, Kwon Oh-hyun, Samsung, Samsung Electronics Co