Samsung Electronics continues management overhaul with CFO appointment
Samsung names Hee-Chan Roh as group president and chief financial officer just days after naming three new CEOs following news that vice chairman Kwon Oh-hyun is set to quit
The overhaul of Samsung’s senior management team has continued with the appointment of Hee-Chan Roh as group president and chief financial officer for its Electronics division.
Roh was previously CFO of subsidiary Samsung Display, a role he has held since 2015. He has also previously headed up Samsung Electronics’ corporate management team, but will now run the company’s global operations.
According to Reuters, Roh will be handed a $68 billion cash pile to manage by the world’s biggest smartphone maker, which has been stuck in a leadership crisis since the arrest and conviction of vice chairman and heir Jay Y Lee on bribery charges earlier in the year.
Since then, CEO and vice chairman Kwon Oh-hyun has also announced plans to leave citing an “unprecedented crisis inside out” at the firm, with his role set to be split between three leaders each with a specific area of focus – Kim Ki-nam will lead its growing components unit, Kim Hyun-suk will run its consumer electronics arm, and Koh Dong-jin will be in charge of mobile and IT.
Yoon Boo-keun (BK Yoon) and Shin Jong-kyun (JK Shin), who led the electronics arm, are also resigning altogether from their previous co-CEO roles after stepping back from direct control in 2015.
Roh’s new role was one of a number announced by the Korean company. America head Tim Baxter has been promoted to corporate president for the Electronics division. President Hyunsuk (HS) Kim, head of consumer electronics (CE) Division, will also lead Samsung Research, and also head of digital appliance division.
Kinam Kim, head of DS Division, will also serve as CEO of Samsung Advanced Institute of Technology, the primary research centre for the Company’s components and materials. Hwang Deuk-kyu will head Samsung Electronics’ China business having served as chief of semiconductor production facilities in South Korea.