Samsung CEO suddenly passed away

CEO Han Jong-hee passed away on March 25 due to cardiac arrest, at the age of 63.

Samsung CEO Han Jong-hee at the CES 2025 event in Las Vegas in January. Photo: Bloomberg .

According to Reuters , a Samsung spokesperson said by phone that CEO Han Jong-hee passed away on March 25 due to cardiac arrest, at the age of 63.

Han Jong-hee is the head of the mobile business (formerly led by Koh Dong-jin) and consumer electronics (led by Hyun-Suk Kim). He also became co-CEO of Samsung Electronics, overseeing the chip business of South Korea's largest company with Jun Young-hyun.

Earlier, CEO Han Jong-hee appeared at the annual meeting held on March 19 in Suwon, South Korea to admit to shareholders that Samsung's technological competitiveness has weakened in recent years.

To salvage the situation, he pledged that the company would pursue "meaningful achievements" in mergers and acquisitions (M&A) in 2025 as a way to restore growth.

"M&A in the semiconductor sector is difficult due to regulations and national interests, but we are determined to achieve concrete results this year," Mr. Han said.

In that context, Samsung Chairman Lee Jae-yong sent an urgent message to thousands of senior leaders of the group.

He stressed that Samsung is facing an existential crisis, which means either changing to survive, or accepting failure.

In the recording, Chairman Lee emphasized: "Samsung is facing a life-or-death problem. We need to deeply reflect on ourselves from the top. We must invest in the future, even if it means sacrificing short-term profits."

Source: https://znews.vn/ceo-samsung-dot-ngot-qua-doi-post1540605.html