Generation replacement in air for Samsung Electronics

A massive follow-up hurricane began as Samsung Electronics replaced CEOs in three business divisions on October 31. Especially, there is an analysis that the follow-up personnel will be replaced with generations because the age of replaced CEOs is all 50s.

Kim Ki-nam, who was appointed as the new head of Samsung Electronics` device solution (DS), was born in 1958 and is 59 years old. He is 56 years old, born in 1961. Kwon Oh-hyun, former vice chairman of the division, was born in 1952, Yun Byeong-geun was born in 1953, and Shin Jong-kyun, president.

As a result, a large number of generations will be replaced by additional executives. According to the Financial Supervisory Service`s electronic disclosure, as of the end of June, 113 of the 1144 executives except Lee Kun-hee were about 19 years old (56 years old) or about 10 percent older.

Greater personnel are also expected. After Chairman Lee Kun-hee was hospitalized in 2014 with an acute myocardial infarction, Lee Jae-yong, acting vice chairman, took on the role of director of the company.

Actually, Samsung has promoted 227 executives in 2014 based on the promotion dates, but 165 executives in 2015 and 135 in 2016 have reduced executive promotion every year. This year, this vice-chairman`s detention was an unfortunate evil, and he greeted 96 people in May later than usual. At that time, Samsung Electronics had only been focusing on the necessary business areas in consideration of the fact that it was in an emergency situation. However, there were voices in the inside and outside of the organization that it was necessary to say a big greeting considering the rapidly changing market environment.

However, the possibility of establishing a temporary control tower structure that emerged from some of the above is unlikely as Samsung Electronics maintains its existing three-person CEO system. Instead, it is expected that the system of responsible management centered on the board of directors will be strengthened.

Besides, the reorganization of business organizations such as the establishment of a new automobile battlefield business team after the launch of Lee Jae Yong system and the separation of the foundry (semiconductor commission production) business division are expected to accelerate mainly by the three new CEOs. Jin Kyoung-young, vice president of Samsung Electronics, also said at a recent event, "there will be an organizational restructuring at a similar time."

As a result, the business world is paying attention to how uncomfortable the Samsung Electronics will be in coming soon. In addition, Samsung Electronics is replacing all the CEOs of its business divisions, and it is noteworthy that other generations are being replaced by generations.

A business expert said, "I expect that this vice chairman will not be able to make an exceptional greeting with his own color in order to catch up with the organizational atmosphere that has shaken since the end of last year."

By Park Jung Il comja77@


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