Third External Director as Chairman: “Enhancing Board Independence and Management Transparency”, “Samsung Electronics announced on the 19th that it appointed external director Shin Je-yoon as the chairman of the board at the board meeting held right after the ’56th General Shareholders’ Meeting’.”
,
, “Shin Je-yoon becoming chairman marks the third instance where an external director has taken the position, following Chairmen Park Jae-wan in 2020 and Kim Han-jo previously.”
,
, “Samsung Electronics first separated the roles of board chairman and CEO in March 2018. In February 2020, for the first time, an external director was appointed as board chairman. This move is expected to further strengthen the independence and management transparency of Samsung Electronics’ board.”
,
,
Shin Je-yoon, the newly appointed chairman of the board (left), and Jeon Young-hyun, Vice Chairman and CEO (right) (Photo = Samsung Electronics),
, “As chairman, Shin Je-yoon will lead the board meetings, decide on agenda items to be submitted to the board, and coordinate and decide among the directors using his authority.”
,
, “Chairman Shin has been serving as an external director for Samsung Electronics since March 2024. He is an international finance and financial expert, having held positions such as Chairman of the Financial Services Commission, Chairman of the Financial Action Task Force (FATF), Ambassador for International Finance Cooperation at the Ministry of Foreign Affairs, and President of the Youth Financial Education Council.”
,
, “As an external director of Samsung Electronics, he has deeply reviewed and advised on finance-related matters, demonstrated leadership in communication by persuading stakeholders, and proposed win-win solutions, which led to his appointment as chairman of the board.”
,
, “With his experience in global finance networks and international organizations, Shin is expected to have strengths in understanding the trends of the global financial market and investor communication.”
,
, “Additionally, with the expertise in social contribution gained during his term as President of the Youth Financial Education Council, he is expected to enhance the ESG management level of Samsung Electronics.”
,
, “Meanwhile, Samsung Electronics officially appointed Jeon Young-hyun as CEO through a board resolution on the same day.”
,
, “Vice Chairman Jeon was appointed as head of the Device Solutions (DS) Division in May last year, and in the regular executive reshuffle at the end of November, he was appointed as Vice Chairman and CEO.”
,
, “He joined Samsung Electronics’ memory division in 2000 and has worked in DRAM, NAND flash development, and strategic marketing. He served as the head of the memory division from 2014.”
,
, “In 2017, he moved to Samsung SDI and served as CEO for five years. In 2024, he was appointed head of Samsung Electronics’ Future Business Planning Division to explore future growth drivers for the company and its affiliates.”
,
, “Samsung Electronics stated, ‘Vice Chairman Jeon is a semiconductor development expert who has elevated the semiconductor business to a global top level. Based on his vast accumulated management expertise, he will improve the performance of the DS division and restore its fundamental competitiveness.'”
,
, “Samsung Electronics plans to re-establish a dual CEO system with the existing CEO Vice Chairman Han Jong-hee and focus on establishing a responsible business management system by division, enhancing the competitiveness of core businesses, and building a foundation for sustainable growth.”
,