Samsung Display, SDI, and Electric CEOs Retain Positions... Emphasis on 'Stability' Over Change

Samsung Electronics conducted its regular executive reshuffle for 2024 on the 27th, with the CEOs of affiliates such as Samsung Display, Samsung SDI, and Samsung Electro-Mechanics retaining their positions. Given the numerous internal and external management variables, including the global economic downturn and rising raw material costs, the decision is interpreted as choosing stability over change.

Choi Ju-seon, CEO of Samsung Display, began his term in December 2020. He has led the Quantum Dot (QD) - Organic Light Emitting Diode (OLED) business and is credited with strengthening the small- and medium-sized display business, including mobile phones. Operating profit increased by 178%, from 2.1141 trillion KRW in 2020 to 5.8832 trillion KRW last year. Unlike LG Display, which changed its CEO from Jung Ho-young to Jung Cheol-dong, Samsung Display decided to retain its CEO, and Choi will take on the role of chairman of the Display Industry Association starting early next year.

(From left) Choi Ju-seon, CEO of Samsung Display; Choi Yoon-ho, CEO of Samsung SDI; Jang Deok-hyun, CEO of Samsung Electro-Mechanics.
[Photo by each company]

Choi Yoon-ho, CEO of Samsung SDI, also retained his position. Choi Yoon-ho was appointed CEO of Samsung SDI in December 2021. Operating profit rose 69%, from 1.0676 trillion KRW at the end of 2021 to 1.808 trillion KRW at the end of last year. Since his appointment, Samsung SDI has made remarkable progress in solid-state battery technology, known as the "battery of dreams."

Solid-state batteries replace the electrolyte that transfers ions between the cathode and anode with a solid instead of a liquid, making them next-generation products with higher safety and performance than conventional batteries. Samsung SDI plans to conduct pilot sample production of solid-state batteries in the second half of this year and establish mass production by 2027.

Jang Deok-hyun, CEO of Samsung Electro-Mechanics, was also retained. Jang became CEO of Samsung Electro-Mechanics in the 2021 regular executive reshuffle. Since his appointment, he has been improving the company’s structure into an automotive parts manufacturer. The company is expanding its portfolio related to automotive parts, including multilayer ceramic capacitors (MLCC), camera modules, and semiconductor substrates.

Officials from the three companies said, "Typically, if there is no announcement of a CEO change in Samsung Electronics’ regular executive reshuffle for the following year, affiliate CEOs are mostly retained," adding, "The likelihood of retention is high."

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