Samsung Electronics co-CEO Han Jong-hee has tragically passed away due to cardiac arrest, the company announced today. Han, 63, was in charge of Samsung’s consumer electronics and mobile devices division, playing a crucial role in shaping the company’s strategy in these areas.
Samsung Co-CEO Han Jong-hee Passes Away at 63
A Veteran Leader’s Legacy:
Han joined Samsung Electronics nearly 40 years ago and built his career in the TV business. He became vice chairman and CEO of Samsung Electronics in 2022 and was also a member of the company’s board . Under his leadership, Samsung Electronics made significant strides in the global consumer electronics market.
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Challenges Ahead for Samsung:
Han’s passing comes at a critical juncture for Samsung, which has been struggling with weak earnings and sagging share prices in recent quarters. The company has been facing intense competition in the advanced memory chips and contract chip manufacturing markets, where rivals have been enjoying strong demand from AI projects.
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A Successor Yet to be Named:
Samsung has not yet announced a successor to Han, and the company’s shares were flat in morning trade following the news of his passing. The leadership transition will be closely watched by investors and industry analysts, as Samsung navigates the challenges ahead.
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