Reporter Wu Qing reports from Beijing.
On November 30, a reporter from China Business News learned from Samsung Electronics that the company's 2024 senior management personnel appointment, dismissal and promotion decision was released, and a total of 143 people were promoted in this personnel arrangement, including 51 vice presidents and 77 managing directors.
Samsung Electronics said that the company will speed up the pace of executive replacement by appointing young leaders and technical personnel.
One of the highlights of this appointment is the establishment of the "Future Business Planning Group" as a vice president-level organization, in addition to the promotion of two vice presidents, and the dual CEO system is maintained, but the responsibilities of the two CEOs have been adjusted.
The reporter noted that after Lee Jae-yong "returned" to serve as chairman of Samsung Electronics in October last year, large-scale personnel adjustments have been carried out for two consecutive years, and the intensity of active innovation and change is increasing. A person in the consumer electronics industry who has been paying attention to Samsung for a long time told reporters that in the uncertain environment at home and abroad, as well as the consumer electronics and semiconductor industries are still sluggish, Samsung Electronics is carrying out more changes and innovations in order to maintain a dominant position in the fierce competition in the future.
Large-scale adjustment for two consecutive years to strengthen the rejuvenation of the team
Samsung Electronics started a drastic personnel reshuffle shortly after Lee Jae-yong took office as chairman at the end of last year. Last year, a total of 187 people were promoted, including 59 vice presidents and 107 managing directors.
Continuing last year's adjustment thinking, this year's personnel adjustment of Samsung Electronics has vigorously promoted young managers, resulting in one 39-year-old managing director and 11 vice presidents in their 40s. The average age of this year's senior executives is 473 years old.
As part of the annual reshuffle, two vice presidents of Samsung Electronics were promoted, and Yong Seok-woo, vice president of the visual display business unit of Samsung Electronics' DX division, was promoted to head and president of the visual display business unit of the DX divisionKim Won-Kyung, Vice President of Global Public Affairs of Samsung Electronics' DX Division Management Support Office, has been promoted to President of Global Public Affairs of Samsung Electronics.
In addition, two people have been reshuffled. Among them, Han Jong-hee originally led the device experience (DX) department, the ** display (VD) department and the consumer electronics (CE) department at the same time, but in the future, he will only retain the title of head of the DX and CE departmentsKyung Kye-hyun, CEO, president and head of the DS division of Samsung Electronics, is also the president of Samsung Advanced Institute of Technology (SAIT).
Samsung Electronics said that it will maintain a policy that emphasizes the promotion of women and foreign employees in order to create a diverse and innovative organizational culture and improve corporate competitiveness.
In accordance with this policy, a total of 6 female talents and 1 foreign employee were promoted to managing directors, and 1 female team leader and 1 foreign employee were promoted to vice president.
By promoting leaders with management performance and growth potential to Vice Presidents, we have strengthened the foundation for sustainable growth in the future. "We have strengthened the internal and external competitiveness of our business in an uncertain business environment and will continue to grow in the future." We have selected a number of leaders to lead. ”
At the same time, Samsung Electronics also said that it will continue to maintain the dual CEO system to ensure the stability of the management and lay a sustainable foundation for future growth, including strengthening the competitiveness of its core business and driving research and development of world-class technologies.
Established the Future Business Planning Team to strengthen and expand new opportunities
It is understood that Samsung Electronics has established a new "Future Business Planning Group", and at the same time transferred Jeon Young-Hyun (Jeon Young-hyun) as the vice chairman of the department, he is currently the vice chairman of Samsung SDI, a battery manufacturer under the Samsung Group, this newly established department is to explore new opportunities outside the existing business.
According to the analysis of the above-mentioned consumer electronics industry, the annual reorganization was carried out under the pressure of the long-term global economic downturn and the recession of the semiconductor industry in the context of Samsung Electronics' quarterly performance, and this personnel change marks that Samsung Electronics is making strategic adjustments to meet market competition and future challenges.
Judging from the previously released financial report of Samsung Electronics for the third quarter of 2023, the company's revenue in the third quarter was 6740 trillion won (about 374 billion yuan), a year-on-year decrease of about 12%, but the company's net profit reached 584 trillion won (about 31.2 billion yuan), better than market expectations.
Constrained by the sluggish industry situation, the semiconductor division continued to lose money, which dragged down the overall performance. The Digital Solutions (DS) division, which is responsible for the semiconductor business, emerged 375 trillion won (about 20.6 billion yuan) loss, sales of 1644 trillion won (about 90.4 billion yuan). This is the third consecutive quarter of losses for the division, which combined for 1269 trillion won (about 69.8 billion yuan).
However, with the gradual recovery of the downstream consumer electronics industry and a series of active adjustments of the company, the company's performance has shown signs of bottoming out. Samsung Electronics' net profit in the third quarter reached 5.%.84 trillion won (about 322 yuan.)6.5 billion yuan), which is more than the market estimate of 252 trillion won (about 13.9 billion yuan).
Samsung Electronics said that its performance in the third quarter of 2023 improved compared to the previous quarter, mainly due to the continued strong sales of flagship smartphones, while the loss of the semiconductor business is also decreasing.
It is worth mentioning that the personnel changes announced so far are only at the president level, and Samsung Electronics is expected to confirm and announce the regular appointment of senior executives below the vice president level and the restructuring of the organizational structure in 2024 in the near future.
Editor: Wu Qing Proofreader: Liu Jun).