Samsung Electronics will select a large number of young talents through the year-end president and executive personnel appointments, and take a bold step toward the ‘unexplored future’ emphasized by Vice Chairman Lee Jae-yong.
Samsung Electronics produced a total of 198 promotions, including 68 vice presidents, 113 executives, 1 fellow, and 16 masters, through regular executive reshuffles for 2022 on the 9th. The number of vice presidents (including executives) is twice as many as last year (31 people). Although the overall number of promotions decreased compared to last year (214 people), the number of young leaders increased significantly.
The most notable thing is that they broke the rank and age. Even in the face of increasing uncertainties such as global supply chain issues and the impact of COVID-19, we boldly selected people with growth potential and made a new appointment as a senior vice president in their 30s and vice president in their 40s. Previously, on the 7th, Samsung Electronics carried out a CEO change, replacing three CEOs and division heads in their 60s with two people in their 50s. It was a ‘disruptive person’ in which the Troika representative system was effectively changed to a two-top system after 10 years.
Samsung Electronics plans to develop the vice president as a candidate for future CEOs who will lead the company in the future. Among the 68 people promoted to vice president this time, the progress of talents in the set division is particularly remarkable. It is interpreted that he gave strength to Vice Chairman Han Jong-hee, who is in charge of TV and smartphone businesses by selecting young and excellent talent. Promotions in the semiconductor (DS) division, which is expected to record the highest annual sales this year, were also conducted according to a strict performance principle.
Last month, Samsung Electronics prepared a new personnel system reform plan for the first time in five years, and from this time onwards, the positions of vice president and managing director were integrated, and the rank system below vice president was reduced to two stages: vice president and vice president. According to the change in the personnel system, it is expected that the workforce of the vice president, the future leader, will be further strengthened in both quantity and quality. The business world is predicting that this Samsung president and executive personnel appointment will be a turning point for the new talent nurturing strategy and corporate culture pursued by ‘New Samsung’ as envisioned by the vice chairman.
Meanwhile, Vice Chairman Lee returned to Korea by chartered flight from Gimpo Airport this afternoon after a brief three-day business trip to the Middle East. After going on an overseas business trip again during the closing period of the Seoul Central District Court, which was announced at the end of the year, to face the global situation, it is expected that they will make a more specific New Year’s management plan with the new president and executives.
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