Samsung Electronics announced new appointments of senior executives to form its next generation of leadership. Seven executive vice presidents were promoted to presidents for their exceptional contributions: Tim Baxter was recognized for driving success across a broad range of consumer products in the North American market; the Device Solutions (DS) Division saw the number of promotions. Tim Baxter was promoted to Corporate President and will continue to serve as CEO of Samsung Electronics America; Gyoyoung Jin, Head of Memory Business, was promoted to President and will maintain his current role; Inyup Kang, Head of System LSI Business, was promoted to President and will maintain his current role; Eun Seung Jung, Head of Foundry Business, was promoted to President and will maintain his current role; Jong-Hee Han was named President and Head of Visual Display Business, previously Executive Vice President and Head of R&D at Visual Display Business; Hee-Chan Roh was appointed as President and Chief Financial Officer, previously Executive Vice President and CFO at Samsung Display; Deuk-kyu Hwang was appointed as President and Head of Samsung China; previously Executive Vice President in charge of the Giheung-Hwaseong Complex, Semiconductor Business.

Mr. Baxter is a sales and marketing expert, who joined Samsung Electronics' U.S. division in 2006 after working for AT&T and Sony. Dr. Jin has a wealth of experience in the development of cutting-edge memory technologies and is a renowned authority on memory process architecture and DRAM product development. He has led the Memory Business since 2017 and is expected to maintain the Company's unparalleled market leadership in the memory industry.

Dr. Kang joined Samsung in 2010 after having steered the development of cellular chipsets at Qualcomm for 13 years. Since then he has played a pivotal role in strengthening the competitiveness of the Company's System-on-Chip business. As the head of the System LSI Business since 2017, he has worked to strengthen its many cutting-edge technologies and is expected to continue to expand the System LSI Business.

Dr. Jung has spearheaded the development of major advanced logic process technologies since Samsung started its System LSI Business. As the head of the Foundry Business since 2017, he is expected to lay the foundation for it to become one of the Company's core businesses. Mr. Han has been highly influential in creating innovative TV products, helping the Company maintain the No.

1 position in the global TV market for 11 consecutive years. He is expected to continue driving innovation to lead a renewed leap forward for the Visual Display Business. Mr. Roh is a financial management expert, having previously served as the head of Samsung Electronics' corporate management team and since 2015 as the Chief Financial Officer of Samsung Display.

As the newly appointed CFO of Samsung Electronics, he will run the Company's global operations. Mr. Hwang is recognized for his business insights and strong networks, having worked in procurement, planning and auditing for the DS Division. He has developed deep understanding of corporate relations in China while working on the Xian semiconductor complex, and is expected to provide crucial support for Samsung's local business pursuits.