Seoul, Nov 27
Samsung Electronics announced its new leadership on Wednesday with a focus on the semiconductor business, in an apparent move to strengthen its future competitiveness in the field.
Jun Young-hyun, vice chairman and head of the device solutions (DS) division, was named CEO and will also lead the memory business and Samsung Advanced Institute of Technology, the Korean company said in a statement.
In a bid to bolster its technological competitiveness, the new CEO will directly manage the memory business unit.
Since taking office as the DS division head in May, Jun has created a new high bandwidth memory (HBM) development team in just over a month and has vowed to regain leadership in the global chip market, reports news agency.
Han Jin-man, former executive vice president and president of Device Solutions America, was promoted to president and will head the foundry business, which is suffering a loss of trillions of won.
Han is expected to work to enhance the competitiveness of the foundry business through his network of global clients and his technological expertise.
Samsung Electronics also newly created the chief technology officer position for its foundry business and appointed Nam Seok-woo, former president and head of FAB Engineering & Operations.