Confirmed follow-up executive appointments and organizational restructuring on the afternoon of the 4th
Explanation session held for members
'Mijeonsil alumnus' Park Sooncheol takes key financial management role
DS establishes AI Center... Song Yongho appointed as center head
Park Soon-chul, Vice President and Head of the Support Team at Samsung Electronics' Device Experience (DX) Division Management Support Office, has been appointed as the company's new Chief Management Officer and Chief Financial Officer (CFO).
Samsung Electronics announced on the 4th that Park Soon-cheol, Vice President and Head of the Support Team at the Management Support Office of the Device Experience Division, has been appointed as the new Chief Financial Officer (CFO). Photo by Yonhap News Agency.
According to business circles on the 4th, Samsung Electronics finalized a follow-up executive reshuffle and organizational restructuring plan based on this content and held a briefing session for its members.
Samsung Electronics selected Vice President Park as the successor to President Park Hak-gyu, who was in charge of the Business Support TF, entrusting him with this important role. The CFO position is considered very important as it requires managing the company's finances amid ongoing global market uncertainties ahead of the inauguration of the 'Trump 2nd term' administration next year. Vice President Park, who will take on this role, will manage the company's overall finances, including Samsung Electronics' sales, profits, various investments, and funding plans. He will also oversee strategies of each department and affiliate companies and participate in decision-making.
Vice President Park, born in 1966, is one of the personnel from Samsung Electronics' Future Strategy Office (Mijeonsil). He has also worked in the Network Business Division, Mobile Experience (MX) Business Division Support Team, and Business Support TF. Samsung Electronics appears to have selected Vice President Park as the right candidate for CFO, reflecting the precedent of appointing executives with financial experience from the Future Strategy Office. President Park moved to the Business Support TF, the group's control tower, to oversee semiconductors in the regular president-level personnel reshuffle conducted on the 27th of last month.
Samsung Electronics also reorganized the DS Division's organizational chart. A new AI Center was established to consolidate AI-related functions. This organization was restructured from the existing Innovation Center, which was under the DS Division's Chief Information Officer (CIO) organization and was responsible for autonomous production systems, AI, and data utilization technologies.
The new AI Center will be led by Song Yong-ho, Vice President and Head of the Memory Business Division's Solution Development Office. It is known that the organization was streamlined with a focus on the field to restore competitiveness in semiconductor business technology.
The position of Head of the Americas General (DSA), previously held by Han Jin-man, President of the Device Solutions (DS) Division Foundry Business Division, will be succeeded by Vice President Cho Sang-yeon, who is currently an executive in charge of DSA. Vice President Cho joined Samsung Electronics as an engineer in 1999, moved to become a professor in the Department of Computer Engineering at the University of Pittsburgh in 2004, and rejoined Samsung Electronics in 2012, accumulating expertise by moving between industry and academia.
He has served as Head of the Memory Business Division's Strategic Marketing Team, Head of the Semiconductor Research Institute's SW Center, and Vice President of the Memory Solution Development Office. Since February this year, he has been transferred to the U.S. subsidiary, handling contracts with semiconductor customers.
The System LSI Business Division, which has been underperforming, has confirmed that it is slimming down the organization by eliminating some teams.
Samsung Electronics completed the organizational restructuring on this day and will hold a global strategy meeting in mid-month to discuss next year's business plans.
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