SEOUL: Samsung Electronics Co Ltd (005930.KS) named a new generation of leaders at its three main businesses on Tuesday as it seeks to steady the ship following the arrest of group scion Jay Y. Lee earlier this year on charges including bribery.
Kim Ki-nam, 59, was appointed to lead the Device Solutions division which makes components including memory chips; Koh Dong-jin, 56, would head up IT and Mobile Communications; and Kim Hyun-suk, 56, would lead Consumer Electronics, Samsung said in a statement. The changes were effective immediately.
The current three co-CEO management structure would be maintained, it added, without elaborating.
Samsung is expected to recommend the three new heads of divisions as co-CEOs after the next shareholder meeting in March. A Samsung spokeswoman declined to comment.
Samsung said Yoon and Shin decided to follow Kwon’s earlier announcement to resign, making way for new leaders.
Jay Y. Lee was convicted in August and jailed for five years for bribing the country’s former president, raising concerns of a leadership vacuum at Samsung Electronics.
He has appealed against his conviction and hearings are ongoing. —Reuters