Samsung Electronics has a new CEO.

TM Roh, head of mobile division, has been appointed co-CEO of Samsung Electronics, bringing the company back to a traditional leadership structure.

TM Roh at the Samsung Galaxy S24 launch event in January 2024. Photo: Reuters .

Samsung Electronics has just announced the appointment of Mobile Group Head Roh as co-CEO. He also holds the position of head of device experience, which includes the mobile phone, TV, and home appliance businesses.

According to Reuters , the latest move brings Samsung back to its traditional co-CEO structure, dividing roles between the chip and consumer device divisions.

Recently, Samsung has been operating under a single CEO model following the unexpected death of co-CEO Han Jong-Hee in March. A month later, Roh assumed the role of acting head of the consumer business.

According to analyst Ryu Young-ho from NH Investment & Securities , the decision to appoint Roh as co-CEO shows Samsung's "safe and predictable" direction. He added that this move could help the company increase its competitiveness in the market.

Ryu noted that memory chips and mobile devices are Samsung's top business segments this year. Therefore, the appointment of TM Roh as co-CEO is a sign that the South Korean company wants to focus more on these divisions.

According to assessments, Samsung's memory business has an advantage due to favorable market conditions. Under the leadership of co-CEO Jun Young-hyun, memory chip technology is constantly improving amidst the AI ​​race, forcing Samsung to close the gap with its competitors.

The decision to appoint a co-CEO comes just weeks after Samsung announced HK Park would head its business support office. Serving Chairman Lee Jae-yong, this department assists the company in making important decisions.

Analysts believe that the business support office at Samsung Electronics acts as a kind of "miniature brain" within Samsung Group, South Korea's leading conglomerate with diverse business areas ranging from chips, smartphones, ships to pharmaceuticals, helping to coordinate the operations of its business units and subsidiaries.

On November 21st, Samsung Electronics shares fell by approximately 4.2%. However, analysts believe this is unrelated to the leadership appointment, but rather reflects the general trend in Asian stock markets following the decline of several US technology stocks.

Source: https://znews.vn/samsung-electronics-co-dong-ceo-moi-post1604909.html