Samsung has appointed its youngest President
Technology : Samsung has appointed its youngest President, Roh Tae-moon, as the company's new mobile chief. At age 51, Roh has become the youngest CEO in the company's history.
The South Korean firm also promoted the head of its network equipment business, which analysts said got a lift from a U.S. campaign to convince allies to bar Huawei from their networks.
Samsung took an early lead in smartphones running on quicker fifth-generation (5G) telecommunication networks, but Huawei is widely expected to boost sales of 5G-capable smartphones and equipment this year, leveraging its huge home market.
“Samsung’s reshuffle seems aimed at coping with a potential major market change with the new technology,” said analyst Tom Kang at Counterpoint.
“The young executive is known to be decisive and so is likely to respond swiftly to that change to defend Samsung’s lead from Huawei.”
Piyush Verma
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