 |
| ▲ A man enters the headquarters of Samsung Electronics Co. in southern Seoul on Dec. 7, 2021. (Yonhap) |
Samsung-reshuffle
Samsung Electronics conducts major executive reshuffle
By Woo Jae-yeon
SEOUL, Dec. 9 (Yonhap) -- Samsung Electronics Co. conducted a sweeping executive reshuffle Thursday, promoting a score of young employees to senior positions.
The "merit-based" personnel changes were made to "strengthen leadership positions to continue the company's sustainable future growth," the tech giant said in a statement.
A total of 198 people were promoted in the regular shake-up, including 68 new vice presidents and 13 new managing directors.
Among them were 17 foreign and female executives, the biggest number of promotions in the two groups in what the company said was for "diversity and inclusion."
Four new managing directors are in their 30s, and 10 new vice presidents are in their 40s.
"Young talents in their 30s and 40s who have showed great performance and exhibited growth potential" moved up the corporate ladder regardless of their age and years working at the company, according to Samsung.
Earlier in the week, the company replaced all three CEOs in a surprise move that the company said was intended to enhance competitiveness and promote future growth.
Vice Chairman and CEO Han Jong-hee was tapped to lead the new SET division, which merged the consumer electronics, and IT and mobile communications divisions. CEO Kyung Kye-hyun was appointed to lead the company's device solutions division.
The management reshuffle came a week after the company overhauled its position system and abolished the seniority-based top-down approach to nurture young talent and create a more flexible corporate culture.
It scrapped mandatory years of working in certain positions, a precondition for possible promotion, and incorporated ranks to make the company structure more simplified and nimble.
(END)
(C) Yonhap News Agency. All Rights Reserved
