Jang Deok-hyun, President of Samsung Electro-Mechanics, "Aiming to Become a Top-Tier Tech Components Company"

Samsung Electro-Mechanics Holds 49th Annual General Meeting of Shareholders
Jang Deok-hyun Appointed as New CEO

[Asia Economy Reporter Sunmi Park] "We will become a 'top-tier tech component company' through sustainable growth that surpasses competitors and market growth."

At 9 a.m. on the 16th, at EL Tower in Yangjae-dong, Seoul, Samsung Electro-Mechanics' 49th Annual General Meeting of Shareholders, the newly appointed CEO, Jang Deok-hyun, expressed his aspirations for the future.

CEO Jang stated, "The global economy in 2022 is expected to continue a positive growth trend, but the management environment is anticipated to be somewhat challenging due to COVID-19 variants, inflation, and supply chain disruptions," adding, "All employees at Samsung Electro-Mechanics will strive to achieve the management performance that shareholders expect."

He also said, "We will incorporate the increasingly important ESG into management decision-making to practice sustainable management," and "Under the belief that safety and environment are the primary principles of management, we will create a workplace that prioritizes the safety of all employees."

He continued, "Leading tech companies with overwhelming technological capabilities have been able to grow steadily regardless of external factors," and promised, "Samsung Electro-Mechanics will focus its business capabilities on two growth pillars: next-generation IT products such as AI, cloud, and metaverse, and automotive electronics products such as electric vehicles and autonomous driving. We will strive to become a 'top-tier tech component company' through sustainable growth that surpasses competitors and market growth."

For this shareholders' meeting, Samsung Electro-Mechanics also implemented electronic voting and online broadcasting of the meeting, introduced last year to prevent the spread of COVID-19 and to accommodate shareholders who had difficulty attending in person. The reports and agenda items were approved as originally proposed. Regarding the appointment of directors, outside director Lee Yoon-jung was appointed, and inside directors Jang Deok-hyun, CEO, and Kim Sung-jin, Vice President and Head of Management Support Office, were newly appointed. Dividends were decided at 2,100 KRW for common stock and 2,150 KRW for preferred stock, an approximately 50% increase from 105.9 billion KRW in 2020 to 158.8 billion KRW.

Meanwhile, Samsung Electro-Mechanics appointed the newly appointed outside director Lee Yoon-jung as chairperson of the ESG Committee. Outside director Lee Yoon-jung serves as an advisory lawyer to the Ministry of Environment, a member of the Ministry of Environment's Sustainable Development Committee, and vice president of the Korean Environmental Law Association, among other advisory roles in various institutions.

A Samsung Electro-Mechanics official said, "With the appointment of this outside director, Samsung Electro-Mechanics has expanded the proportion of female outside directors to 50% for the first time among Samsung affiliates," adding, "As an environmental law specialist, this outside director is expected to provide practical advice and contributions to Samsung Electro-Mechanics' ESG-centered management and strategy."

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