Seoul: Samsung Electronics Co. announced a significant leadership change with a strategic focus on bolstering its semiconductor business, a move aimed at enhancing its future competitiveness. The company revealed that Jun Young-hyun, the current vice chairman and head of the device solutions division, will assume the role of CEO. He will also oversee the memory business and Samsung Advanced Institute of Technology, as stated in their press release.According to Yonhap News Agency, Jun Young-hyun, in his new role, will take direct control of the memory business unit, a crucial part of Samsung's strategy to strengthen its technological edge. Jun, who has been a pivotal figure in the device solutions division, was seen speaking at a recent tool-in ceremony for a new semiconductor research and development complex near Seoul. This event took place on November 18, 2024, as shown in company-provided footage.In another significant appointment, Han Jin-man, previously the executive vice president and president of D evice Solutions America, has been promoted to president and will lead the foundry business. This sector has recently faced substantial financial challenges. Han's extensive global client network and technological expertise are anticipated to play a key role in revitalizing the foundry business's competitiveness.Additionally, Samsung Electronics has introduced a new chief technology officer role for its foundry business, appointing Nam Seok-woo, former president and head of FAB Engineering and Operations, to the position. Concurrently, Kim Yong-kwan, who served as the executive vice president of a business support taskforce, has been elevated to president of management strategy within the device solutions division.The reshuffle involves seven other officials being reassigned to new roles, alongside the two new chief executive promotions. This strategic move is part of Samsung Electronics' broader goal to present new challenges to its veteran executives, focusing on brand innovation and enhanced consumer ex perience. The company emphasized that these changes aim to leverage "global leadership" and "excellent management capabilities" to steer the company towards sustained mid-to-long-term growth.
- October 12, 2026
