The Samsung Group will carry out regular personnel appointments, starting with the CEO group earlier this month. As this is the first appointment since Samsung Electronics Vice Chairman Lee Jae-yong’s parole, it is expected that he will focus on stability.
At Samsung Electronics, Kim Ki-nam, Vice Chairman of Device Solution (DS) Division, Kim Hyun-seok, President of Consumer Electronics (CE) Division, and Koh Dong-jin, President of IT and Mobile (IM) Division are co-CEOs.
Ki-nam Kim, Vice Chairman Kim Hyun-seok, President Kim Hyun-seok, and President Ko Dong-jin were appointed as CEOs in March 2018 after being appointed as CEOs by division in October 2017. As his resignation was confirmed last year in personnel affairs, Haetsuro has been holding the position of CEO side by side for 4 years. In March of this year, the business world believes that there will be no major changes in this appointment as he was retained as the CEO with a three-year term at the regular general meeting of shareholders.
As the novel coronavirus infection (COVID-19) situation is prolonged, it is interpreted as a measure for business stability. The fact that the company’s earnings have continued to rise despite uncertainties both internally and externally is one of the factors that are expected to remain in the company.
It is evaluated that Vice Chairman Kim Ki-nam is firmly leading the global competitiveness of the semiconductor business. Since joining Samsung Electronics in 1981, Vice Chairman Ki-Nam Kim has served as the head of Samsung Advanced Institute of Technology, the head of the memory business, the system LSI business, the president of Samsung Display, and the president of the DS division. .
It is evaluated that Samsung Electronics has contributed greatly to maintaining the No. 1 global semiconductor market by leading the construction and expansion of a large-scale semiconductor complex in Pyeongtaek. Here, he is leading the semiconductor business in line with the world’s No. 1 blueprint for system semiconductors.
In addition, Koh Dong-jin, president of the IM business, which is in charge of the smartphone business, and Kim Hyun-seok, president of the consumer electronics (CE) business, which is in charge of TV and white appliances, are also expected to seek stability in that they are leading the success of foldable phones and innovation of new home appliances such as Bespoke. is observed to be
However, there is a forecast that a large-scale generational change will occur in the personnel appointments of executives except for the president’s group. As the personnel system innovation plan has been prepared, attention is paid to whether executives in their 30s will emerge.
Earlier, on the 29th of last month, Samsung Electronics announced an innovation plan for the ‘future-oriented personnel system’. The reorganization that took place in five years brought changes to the ▲ promotion system, the training system, and the evaluation system.
Its main features are to foster young management at an early stage by hiring talented people regardless of age, to provide opportunities and base for career development, and to create a culture of mutual cooperation and communication.
By integrating the ranks of ‘Vice President/Executive Director’ into ‘Vice President’, the ranks of executives will be drastically reduced, and the ‘standard period of stay for each position’ will be abolished to establish a foundation for early production of young and competent managers. It was decided to abolish the ‘standard period of stay by position’, which was the basic condition for employee promotion, and provide opportunities to improve competency through various job experiences.
The evaluation method is also different. In order to supplement the existing evaluation process conducted by one department head and to encourage collaboration among employees, ‘Peer Review’ will be introduced on a trial basis. In order to prevent the side effects of peer evaluation, the method of writing the contribution of collaboration in a narrative form was applied without giving a rating. This is why it is predicted that it will be possible to produce executives in their 30s and CEOs in their 40s in the future.
Accordingly, in this year’s greetings, weight is being put on the possibility that the concept of ‘New Samsung’ will be included. In the business world, it is analyzed that this will be the starting point for Vice Chairman Lee’s new Samsung vision to materialize.
