New CEOs and profits declared by Samsung

Earlier this month the world witnessed the unexpected announcement made by Kwon Oh-hyn of his intentions to step down stating that the company could use some new persons in the reins amidst the crisis it experiences. Now, three potential options have been announced by the company. Mr. Kwon said that three leaders would be installed, each with a clear and distinct focus; ‘Mr. Kim Ki-nam will lead the business of the components, mobile and IT will be chairmanned by Koh Dong-jin (DJ Koh) and Consumer electronics will be led by Kim Hyun-suk (HS Kim)

Also resigning are Yoon Boo-keun and  Jong-kyun, who are stepping down from their previous co-CEO offices. No clear indication of promotion has been gotten for any existing leader.

Kwon Oh-hyun resigns as Samsung CEO due to ‘great crisis.’

The semiconductor business of the company was already being led by Kim Ki-nam, and in the past, he served as the Samsung Display department CEO, also same for the division for memory. Kim Hyun-suk has been described by Samsung as a display technology expert because he played a vital role in the dominance being held by the company in the TV market of the world. Koh Fong-jin had taken over in 2015 to be the mobile leader from Shin and was previously head of mobile R&D.