Samsung Electronics, the world’s largest memory chip maker and smartphone manufacturer, has said that it has set up a ‘Future Business Planning Unit’, which is part of the company’s annual reshuffle of top-level executives. This new Future Business Planning Unit will be headed by Samsung executive Jun Young-hyun.
Notably, Jun Young-hyun is currently the vice chairman of Samsung SDI Co., a display unit of Samsung Group. In the Samsung Electronics annual reshuffle, two co-CEOs of Samsung, Han Jong-hee and Kyung Kye-hyun, retained their top positions. This move is seen as a way to stabilize the company’s leadership after Chairman Lee Jae-Yong took charge
In an official statement (via Yonhap News Agency), Samsung Electronics said that “the new unit was created to explore new business opportunities beyond its existing operations.” Moreover, in the reshuffle, two vice presidents were promoted. Yong Seok-woo, who previously served in various capacities at Samsung’s display division, was elevated to the president’s post and now will lead the display division.
Covered By: Mobility India / Samsung
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