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Samsung appoints new CEO, former chief to focus on strategy

Samsung Electronics on Thursday announced that it has appointed a new chief executive. Kwon Oh-hyun, the current head of Samsung’s component business, will assume the CEO role as former chief Choi Gee-sung shifts to a new position as corporate strategy boss. “Choi is the best candidate who can chart Samsung through the global economic crisis and ever-intensifying competition,” Samsung said in a statement, according to Reuters. “Under Choi, Samsung plans to pursue innovative changes.” Kwon, the company’s new chief executive, is credited with pushing Samsung to a leading position in the memory chip industry, where it currently has a 50% share of the global market. He also drove the company’s expansion into logic chips, which now account for approximately 40% of Samsung’s revenue.

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Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.