The company also named Won-joon Choi as the newly created Chief Operating Officer (COO) of the MX Business.

• TM Roh named Acting Head of the Device eXperience Division, in addition to his current role as Head of Mobile eXperience Business; previously President and Head of Mobile eXperience Business and Head of the Corporate Design Center
• Won-joon Choi named COO of Mobile eXperience Business, in addition to his current roles as Head of R&D Office and Head of Global Operation Team of Mobile eXperience Business; previously President and Head of R&D Office and Head of Global Operation Team of Mobile eXperience Business
• Cheolgi Kim named Head of Digital Appliances Business; previously Executive Vice President and Head of Strategic Marketing Office of Mobile eXperience Business

Young Hyun Jun, Vice Chairman and Head of Device Solutions (DS) Division, was named CEO and will also become the Head of Memory Business and Samsung Advanced Institute of Technology. Jinman Han was promoted to President and will become the Head of Foundry Business, while Seok Woo Nam will become Chief Technology Officer of Foundry Business, a newly-created position.

JH Han, Vice Chairman, CEO and Head of Device eXperience (DX) Division, will also lead a newly-created committee that will focus on strengthening product quality across the company.

Jinman Han was previously Executive Vice President and President of Device Solutions America, leading the Company’s semiconductor business in the U.S. Previously, he worked in design teams for DRAM and Flash memory and has also led SSD development and strategic marketing.

Seok Woo Nam, previously President and Head of FAB Engineering & Operations, is an expert in semiconductor process development and manufacturing with extensive experience in memory process technology and foundry manufacturing technology.

Hansung Ko, CEO of Samsung Bioepis, has vast experience in developing new business areas such as biotechnology and is expected to lead efforts in finding new growth opportunities.

Other changes in today’s announcement include:

• Yong Kwan Kim, named President of Management Strategy at DS Division; previously Executive Vice President of Business Support TF

• Wonjin Lee, named President and Head of Global Marketing Office; previously executive advisor for Samsung Electronics

• President Hark Kyu Park will move to the Business Support TF; previously Chief Financial Officer

Jong-Hee (JH) Han was promoted to Vice Chairman and CEO, and will lead the newly merged SET Division as he continues to head the Visual Display Business. President Kyehyun Kyung was also named CEO and will lead the DS Division.

• JH Han is a leading expert in TV research and development and has played a major role in the Company achieving the top position in global TV sales for the 15th consecutive year. He is expected to strengthen the synergies among the different businesses in the SET Division and help drive new businesses and technologies.
• Kyehyun Kyung, who has been the CEO of Samsung Electro-Mechanics, is an expert in semiconductor design, having previously been the head of Samsung Electronics’ Flash Product & Technology Team as well as part of the DRAM Design Team. He is expected to help maintain the Company’s semiconductor leadership and lead innovation in the components business.

Other promotions and changes in today’s announcement include:

• Yongin Park, named President and Head of System LSI Business; previously Executive Vice President and Head of System LSI Sales & Marketing
• Hark Kyu Park, named President and Chief Financial Officer; previously President and Head of the Corporate Management Office, DS Division
• Kinam Kim, named Chairman of Samsung Advanced Institute of Technology; previously Vice Chairman and head of the DS Division
• KS Choi, named President and Head of North America Office for SET Division; previously Executive Vice President and Head of North America Office
• Inyup Kang, named President and Head of North America Office for DS Division; previously President and Head of System LSI Business

Mr. Kwon stated, “The next generation of leaders are well suited to accelerate the pace of innovation and address the demands of the connected world. They have proven track records with extensive experience and outstanding expertise in their fields.”

• Kinam Kim joined the Company in 1981 and is an IEEE fellow and renowned authority in semiconductors, having served as the head of Samsung Advanced Institute of Technology; CEO of Samsung Display; head of the Memory, System LSI Businesses and until now was responsible for the overall semiconductor business.

• HS Kim is a leading expert in display products, having played a major role in the Company achieving the top position in global TV sales for the 11th consecutive year with numerous display technology breakthroughs.

• DJ Koh has recently delivered solid results in the mobile business, having overseen the development of its flagship Galaxy smartphones with differentiated products and services, based on his vast experience as the previous head of mobile R&D.

In a joint statement, Mr. Yoon and Mr. Shin said that they have made the decision to follow Mr. Kwon’s earlier announcement to resign, making way for new leaders. “It is an honor and a privilege to have been part of the historic rise of Samsung Electronics. We are confident that our successors will keep the Company on its growth path.”

Separately, President Sang-Hoon (SH) Lee will leave his position as CFO, effective immediately. Mr. Lee has been recommended by outside Board members to be Chairman of the Board and succeed Mr. Kwon next March. This would mark the first time that the Company will separate the Chairman of the Board and the CEO roles.

“In this time of transition, I look forward to SH’s insight as CFO to help guide the Board and its new executive members,” said Byung-Ki Lee, an independent director and Chairman of the Governance Committee of the Board. “In addition to overseeing the Company’s finances, SH was also in charge of running its global operations and these experiences will be a tremendous asset to the Board.”

At the next AGM in March 2018, the three new Division heads as well as Mr. Lee will join the Board of Directors. Messrs. Kwon, Yoon and Shin will remain as members of the Board until then.