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Biz News Korea(Eng)
Samsung likely to announce new senior management team on Oct. 31
- Collected
- 2017.10.29
- Distributed
- 2017.10.30
- Source
- Go Direct
Kwon, who has led Samsung Electronics’ hugely successful semiconductor business had surprised local corporate world with his sudden resignation announcement on Oct. 13. He has been de-facto chief of the South Korean tech giant after Samsung scion Lee, also vice chairman of Samsung Electronics, was arrested earlier this year for bribery and other charges in a massive corruption scandal that removed Korea’s former President Park Geun-hye. Lee was sentenced to five years in prison in August and has appealed denying charges.
Samsung Electronics’ board of directors is scheduled to meet on Oct. 31 to approve a successor to Kwon as well as discuss corporate reorganization scheme, according to sources from Samsung affiliates on Friday.
Strong candidates for the successor to Kwon include Kim Ki-nam, president of Samsung Electronics’ semiconductor division and Jun Dong-soo, head of the electronics maker’s health and medical equipment division, given their experiences closely working with Kwon in the semiconductor business.
Kwon told reporters during a business trip in the U.S. earlier this month that he intended to recommend his replacement.
The company is also expected to conduct an organizational restructuring including setting up a head office that oversees all manufacturing-related affiliates including Samsung Display Co., Samsung SDS Co., and Samsung Electro-mechanics Co.
By Song Sung-hoon and Cho Jeehyun
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]