The only son of Samsung Electronics’ Chairman, Lee Jae-yong has been promoted to the post of President in Samsung’s flagship Electronics subsidiary. Jae-yong will also hold its current Chief Operating Officer (COO) position.
Meanwhile, Choi Gee-sung, CEO of Samsung Electronics will also assume the position of Vice Chairman in Samsung Electronics.
The management reshuffle was confirmed last month by Lee Kun-hee and was of the opinion that Samsung needed “young blood” to tap new businesses and take quick decisions.
Other management changes include:
Lee Boo-jin, daughter of Lee Kun-hee will be promoted to President and CEO of Hotel Shilla, President of Samsung Everland and adviser to Samsung C&T.
Kang Ho-moon, President and CEO of Samsung Mobile Display will be promoted as Vice Chairman of Samsung China Headquarters.
Finally, Cho Soo-in will replace Kang as the new President and Chief Executive of Samsung Mobile Display division.
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