By Alex Ho
Investing.com – Samsung Electronics Co Ltd (KS:) appointed President Roh Tae-moon as its new mobile chief, according to a statement on Monday.
Roh was known to be pivotal to the development of the Galaxy brand, and is Samsung’s youngest president.
Citing people familiar with the matter, Reuters previously reported that Roh championed the company’s strategic shift to cut costs and outsource more phones to Chinese and other companies.
Samsung said in the statement that former mobile chief DJ Koh will continue to lead Samsung’s IT & mobile communications (IM) business.
The company’s stock last traded at KRW 62,400, up 1.8%.
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