International. New are the airs of Samsung this week, following announcements of a change of president and a strong investment in strengthening mobile device businesses around the world.
The company's new president and CEO is Kwon Oh-hyun (pictured), who had been serving as director of the liquid display and chip units within Samsung. He replaces Choi Gee-sung, who spent just over two years in charge of the company and will henceforth lead the company's corporate strategy office.
This change comes at a great time for Samsung, as the results of the first quarter of this year achieved a net profit of 3,429 million euros, 81.3% more than the same period in 2011. In addition, it surpassed five million Galaxy smartphones sold.
On the new investment plans, the company's executives indicated that they have a budget of US $ 1,900 million to strengthen the smartphone and tablet market.
The investment includes the development of new chips with a view to creating a new range of these mobile devices with which the top sales positions are disputed.
With Samsung, there are four Asian technology manufacturing companies that change their top managers during 2012. The first was Sony, a company that today is led by Kazuo Hirai. Then it was Panasonic, which appointed Kazuhiro Tsuga and Sharp, which recently appointed Takashi Okuda.
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