Samsung ENG, Regular Executive Personnel Changes... President Choi Seong-an Retained

[Asia Economy Reporter Ki-min Lee] Amid Samsung Engineering's consecutive large-scale contract wins in the second half of this year, President Choi Sung-an has been retained in the 2021 regular executive appointments.

On the 9th, Samsung Engineering announced next year's regular executive appointments, including promotions of a total of 12 people: 1 to Vice President, 4 to Senior Executive Director, and 7 to Executive Director.

Samsung Engineering stated, "We conducted executive appointments based on a performance-oriented personnel policy," adding, "Through this appointment, we promoted talents who have demonstrated outstanding achievements in sales, project management, design, procurement, construction, and management, and who possess technical expertise and management capabilities."

Over last year and this year, Samsung Engineering secured its largest-ever project worth $3.94 billion (4.5 trillion KRW) in Mexico, and at the end of last month, won a methanol project worth 1.2 trillion KRW in the Sarawak region of Malaysia. As a result, Samsung Engineering's new orders secured this year alone approach 9 trillion KRW, with an order backlog reaching 17 trillion KRW.

A Samsung Engineering official explained, "Since President Choi took office, the company has consistently achieved profits and shown an improving performance trend," adding, "This year's performance reached about 80% of the annual management target by the third quarter, and orders have also been consecutively successful overseas."

President Choi also purchased a total of 80,000 shares of Samsung Engineering stock this year to enhance shareholder value through responsible management.

Samsung Engineering further stated, "Through this executive appointment, we plan to strengthen the pool of future management candidates and expand the capable next-generation leadership group to lead stable project execution and the company's future growth."

Below is the list of promoted executives in Samsung Engineering's regular appointments:

◆ Promoted to Vice President

▲ Namgung Hong

◆ Promoted to Senior Executive Director

▲ Kang Kyu-yeon ▲ Song Ki-hwal ▲ Jin Byung-soo ▲ Han Sang-deok

◆ Promoted to Executive Director

▲ Kim Gwan-guk ▲ Kim Min ▲ Kim Jong-min ▲ Ryu Ki-pyeong ▲ Yang Ki-young ▲ Lee Sang-yoon ▲ Hwang Gyu-nam

This content was produced with the assistance of AI translation services.