Samsung Electronics to undergo major reorganization

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Samsung Electronics to undergo major reorganization

Samsung Electronics will reorganize its business into two umbrella operations of components and finished products next year, a widely expected move aimed at reinforcing independence for its wide-ranging consumer electronics businesses.

In 2012, Samsung will rearrange its operation into Digital Media & Communications, which oversees TVs, handsets and other finished consumer electronics products, and Device Solutions to be in charge of supplying electronics components, such as memory chips and liquid-crystal display panels, it said in a statement.

Choi Gee-sung, the chief executive officer and vice chairman, will run the division that manufactures and sells finished products, and Kwon Oh-hyun, who was promoted to vice chairman earlier this month, will continue to run the component-supply business.

“Through the reorganization, the independent management between finished products and components is expected to reinforce the wall between businesses and enhance trust with our clients,” the statement said.


Yonhap

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