The Samsung Group has a yearly management reshuffle that sees many of its executives, even those at the very top, switch responsibilities. This is a way for the company to nurture talent internally and provide executives with an opportunity to thrive.
It's always a closely watched affair by the industry in South Korea. Samsung's management reshuffle is often also viewed as an indication of the future trajectory and strategy of the country's top conglomerate.
Samsung willing to keep its core CEOs in their current positions
According to reports out of South Korea, Samsung has decided to keep the top 3 CEOs that head its most important divisions in their current positions. It's not expected that the CEOs of its semiconductor, home appliances and mobile divisions will be shuffled.
These are the three core business units that also account for a major chunk of Samsung's revenues. The device solutions division oversees the semiconductor business and is headed by Kim Ki-nam.
The IT & mobile communications division is responsible for Samsung's mobile products and it's headed by Koh Dong-jin. Home appliance products and TVs come under the consumer electronics division led by Kim Hyun-suk.
The three CEOs have been leading their respective divisions since 2018. Samsung is now expected to retain them in their current positions during the upcoming management reshuffle. The company is expected to diversify its executives' pool by promoting more low and medium-ranked executives.
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