Samsung Electronics has named Park Hark-kyu, its former Chief Financial Officer, as the new head of its Business Support Office, a strategic unit that coordinates across the conglomerate’s business divisions and serves Chairman Jay Y. Lee. This office, recently upgraded from a task force, acts as a mini-control tower within Samsung Group, overseeing operations from semiconductors to smartphones and pharmaceuticals The Economic Times Yahoo Finance.
Park replaces Chung Hyun-ho, who will now serve as an advisor to Lee. Chung stepped down to focus on mentoring future leaders, marking a significant shift in Samsung’s leadership structure Yahoo Finance CNA.
This reshuffle is the first major change since the office was formed in 2017, following the disbandment of Samsung’s former power center amid a corruption scandal that led to Lee’s imprisonment The Economic Times.
Sources: The Economic Times Yahoo Finance CNA
