Home Industry Technology Samsung to replace unit heads, combine mobile and consumer arms The move simplifies the company’s operational structure, segmenting its semiconductor and consumer groups by Bloomberg December 7, 2021 Samsung Electronics Co. is combining two of its three business lines and appointing new leaders to replace its three co-chief executive officers in its first major management shakeup since 2017. The succession sees Kyehyun Kyung step in to lead the company’s Device Solutions group, which encompasses its key semiconductor business lines such as memory, logic processors and chipmaking for outside customers. Jong-Hee Han is heading up the newly merged SET Division, which will include the mobile business previously led by Dongjin Koh and the consumer group that co-CEO Hyunsuk Kim had been in charge of, according to a company statement on Tuesday. The move simplifies the company’s operational structure, segmenting its semiconductor and consumer groups. As part of the reorganisation, Samsung also announced that Hark Kyu Park will be its new chief financial officer, having previously held a post in the Device Solutions team. Samsung Electronics shares were little changed in early Seoul trading on Tuesday and down about 6 per cent for the year. Tags Consumer Management Mobile Business Samsung 0 Comments You might also like Samsung Food, an AI-powered food and recipe service now available globally Samsung unveils new Galaxy Z Fold5, Flip5 in UAE Samsung unveils new Galaxy Z Flip5, Fold5 Samsung, FRAME unveil Galaxy Z Flip4 accessories inspired by UAE culture, created by local artists