Samsung names 3 new business heads, JK Shin and others to step down

Current CFO Lee Sang-hoon would resign from his CFO role and had been recommended as chairman of board.

Update: 2017-10-31 06:14 GMT
Samsung has sold non-core assets while pushing through a merger of two affiliates in 2015.

Seoul: Samsung Electronics Co Ltd named new heads of three businesses on Tuesday, with co-CEOs JK Shin and Yoon Boo-keun to step down.

It named Kim Ki-nam, president of Semiconductor Business, as the new head of the components business, Koh Dong-jin as new head of IT and Mobile Communications, and Kim Hyun-suk as new head of Consumer Electronics.

Current Chief Financial Officer Lee Sang-hoon would resign from his CFO role and had been recommended as chairman of the board, Samsung said in a statement.

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