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Samsung Slashes Executive Promotions

May 29, 2017 08:22|May 29, 2017 08:22
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Samsung's annual executive-level reshuffle which came in about five months later than usual is reaching its final stage.

The annual executive-level personnel announcement, which came after Lee Jae-yong, the de facto leader of Samsung Group, was placed under arrest, was carried out under the principle of focusing on performance and minimizing the number of promotions.


The number of Samsung executives who got promotions this year was slashed to about 60 percent of the 2016 level.


Samsung Group's annual executive-level promotions started from Samsung Electronics' mobile and consumer electronics division on May 11, with other subsidiaries following suit.


Among Samsung's 23 subsidiaries, excluding biotech affiliates such as Samsung Biologics and Bioepis, as well as Hotel Shilla, S-1, and Cheil Worldwide, the number of executives who got promoted this year totaled 164, a level equivalent to about 61 percent of 268 who were promoted in the previous round in December 2015.


By subsidiary, the number of executives promoted at Samsung Electronics was highest at 94, followed by Samsung C&T with 19, Samsung SDS with 8, and Samsung SDI with 6.