Samsung Africa appoints new CEO
As Samsung reported record profit on Friday (26 July), the group also announced the appointment of Sung Yong Hong as the new president and CEO of Samsung Africa.
He takes over from Kwang Kee Park who has been promoted to president and CEO of Samsung South East Asia. Prior to this appointment, Hong was the president of Samsung Electronics Turkey.
On Friday, the South Korea-based smartphone maker reported net profit of 7.77 trillion won ($7 billion) in the second quarter (April-June).
Samsung did not reveal smartphone shipments; however, the group is believed to have sold 76 million smartphones in the second quarter, expanding its market share to 33.1% according to Strategy Analytics.
Overall, the global smartphone market grew 47% to a record 229.6 million, the research firm said.
Apple‘s market share declined to 13.6% having sold 31.2 million iPhones, while players like LG Electronics, ZTE Corp and Huawei Technologies improved market share.
Park has served for three and half years as the company’s first-ever President of Samsung Electronics, Africa Headquarters.
Prior to the position, he was president of Thailand Samsung Electronics, where he had led TSE through impressive growth through his innovative approach towards distribution.
“At face value, the geographies might seem quite different. Yet, both Turkey and South Africa are emerging economies that serve as a platform for greater growth on their respective continents,” said Matthew Thackrah, deputy MD at Samsung Electronics South Africa.
“Mr. Hong’s vast experience and proven track record fills us with great excitement for the future to build on the existing foundation Samsung has in Africa.”
Hong spent five years as CFO at Samsung Africa, from 2000 to 2005.
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