Samsung Electronics today has a new CEO. Dr. Kwon Oh-hyun, formerly Vice Chairman of Device Solutions, took over the role today from Choi Gee-sung who stepped down from the role he had held since 2010. Dr. Kwon will manage “corporatewide affairs” and is likely to take on a greater role in the long simmering feud with Apple.
Choi is taking on a new role as the head of Samsung Group’s corporate strategy. According to a statement citing an unnamed executive:
“Choi is the best candidate who can chart Samsung through the global economic crisis and ever-intensifying competition. Under Choi, Samsung plans to pursue innovative changes.”
Choi is also seen as a mentor to Jay Y. Lee, son of Samsung Electronics’ chairman Lee Kun-hee. Lee is current Samsung’s Chief Operating Officer but is expected to eventually take control of the Samsung Group.
Read more: Reuters