Samsung Electronics introduced its new and first woman president

Samsung Electronics is currently the leading tech company with a stronghold in nearly every element related to technology. Recently, by looking at the memory chip and consumer electronics’ low demands, due to this “harsh business reality”, the company has decided to remain its current two CEO positions unchanged. Besides, Samsung Electronics has also recently introduced its new and first woman president “Lee Young-hee”.

The South Korean manufacturer has announced that two of their Chief Executive Officers (CEOs), JH Han and Kyung Kye-Hyun, will continue their work to Head Samsung’s Device eXperience (DX) and Device Solution (DS) divisions, respectively. The manufacturer made this denotement during its year-end reshuffle announcement. As mentioned above, the decision has been taken; as a result to maintain their posts during this hard time.

Let you know that the South Korean manufacturer has recently faced its first annual profit drop during the third quarter in the last three years. Helplessly, the analysts have been expecting the same in the fourth quarter also. On the one hand, the front face of the company, it’s Mobile and TV businesses, are facing a general growth slowdown, but on the other hand, its logic businesses, Samsung Foundry and Samsung System LSI, showed mixed performance.

The company has introduced its first female president recently. The post “President” itself is the highest among all, excluding CEO and Vice Chairman only. As they ** informed, Younghee Lee, a marketing expert, became the new president at Samsung. She was named the global market officer of the DX division of Samsung. Let you know Lee has been working for Samsung since 2009 and played an important role in promoting the Galaxy smartphones during its fast-rising marketability during the early 2010s.