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Samsung Appoints New CEO

Gordon Kelly

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Samsung Appoints New CEO

Let's hope he's better at paying his taxes...

Today Samsung has named Yoon-Woo Lee as its new Vice Chairman & CEO. Vice Chairman Lee will replace Jong-Yong Yun, who has led Samsung Electronics since 1997 and who will now serve as the company's standing adviser.

In other shake-ups Dr. Chang-Gyu Hwang, President of Samsung Electronics' Semiconductor Business, will replace Vice Chairman Ki-Tae Lee and will lead the Corporate Technology Operations. Vice Chairman Ki-Tae Lee will lead the External Relations operations at Samsung Electronics.

Oh-Hyun Kwon, who has led the System LSI Division at Samsung Electronics' Semiconductor Business, was named as the company's new President of Semiconductor Business. Hyung-kyu Lim, who heads Samsung Advanced Institute of Technology, has been put in charge to set up a new team devoted to developing new businesses.

"The latest measure reflects the company's determination to focus on developing future growth engine, and to find a new momentum to become a world leading company," the Samsung said in a statement. It declined to mention the resignations of Group Chairman Lee Kun-hee, Vice Chairman Lee Hak-soo, the chairman's son and heir apparent Lee Jae-yong and nine other senior executives for tax evasion last month which caused much of the merry-go-round.

With the new hierarchy in place we'd like to give them one piece of advice: no more of this please Samsung...

Links:

Samsung

Yoon-Woo Lee Company Profile

Yoon-Woo Lee Homepage

Otis Rylander

February 1, 2009, 6:55 am

Here's a gigantic surporise. The URL shown http://www.leeyoonwoo.pe.kr/ is not valid. After being swindles out of $1230 in Samsung monitor rebates in 2005, I found that Samsung CEOs don't really want to know about such things. Today's mail brought a postcard telling me that Samsung was going to swindle me out of ANOTHER rebate. No, I stopped buying Samsung monitors after the first swindle. My wife thought a 22-inch monitor would be a dandy gift. Of course, I scan and archive ALL rebate submissions, including the latest one. Gosh - sure looks like a UPC/serial number barcode was attached when I mailed it. Any idea how to get hold of THIS MONTH'S Samsung CEO?

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