{"id":42974,"date":"2013-07-26T12:39:35","date_gmt":"2013-07-26T10:39:35","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=42974"},"modified":"2013-07-26T13:10:00","modified_gmt":"2013-07-26T11:10:00","slug":"samsung-africa-appoints-new-ceo","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/42974\/samsung-africa-appoints-new-ceo\/","title":{"rendered":"Samsung Africa appoints new CEO"},"content":{"rendered":"

As Samsung<\/a> reported record profit on Friday (26 July), the group also announced the appointment of\u00a0Sung Yong Hong<\/a> as the new president and CEO of Samsung Africa.<\/p>\n

He takes over from Kwang Kee Park<\/a> 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.<\/p>\n

On Friday, the South Korea-based smartphone maker reported net profit of 7.77 trillion won ($7 billion) in the second quarter (April-June).<\/p>\n

Samsung did not reveal smartphone shipments; however, the group is believed to have sold\u00a076 million smartphones in the second quarter, expanding its market share to 33.1% according to Strategy Analytics<\/a>.<\/p>\n

Overall, the global smartphone market grew 47% to a record 229.6 million, the research firm said.<\/p>\n

Apple<\/a>‘s market share declined to 13.6% having sold 31.2 million iPhones, while players like LG Electronics<\/a>, ZTE Corp<\/a> and Huawei Technologies<\/a> improved market share.<\/p>\n

Park has served for three and half years as the company\u2019s first-ever President of Samsung Electronics, Africa Headquarters.<\/p>\n

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.<\/p>\n

“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<\/a>, deputy MD at Samsung Electronics South Africa.<\/p>\n

“Mr. Hong\u2019s vast experience and proven track record fills us with great excitement for the future to build on the existing foundation Samsung has in Africa.”<\/p>\n

Hong spent five years as CFO at Samsung Africa, from 2000 to 2005.<\/p>\n

More on Samsung<\/h3>\n

Samsung boosts market share<\/strong><\/a><\/p>\n

Why Samsung is beating Apple in China<\/strong><\/a><\/p>\n

Analysts backtrack on Samsung Galaxy S4<\/a><\/strong><\/p>\n

Samsung dominates in global mobile phone sales<\/strong><\/a><\/p>\n

Samsung SA shows off holiday wares<\/strong><\/a><\/p>\n

Samsung Galaxy smartphones propel quarterly profit<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As Samsung reported record profit on Friday, the group also announced a new president and CEO of Samsung Africa.<\/p>\n","protected":false},"author":10,"featured_media":929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[51,26,1465,505,52,5072,1466],"class_list":["post-42974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-apple","tag-headline","tag-huawei-technologies","tag-lg-electronics","tag-samsung","tag-strategy-analytics","tag-zte-corp"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/42974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=42974"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/42974\/revisions"}],"predecessor-version":[{"id":43011,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/42974\/revisions\/43011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/929"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=42974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=42974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=42974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}