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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared US needs plan to tame debt soon, experts say 14 Dec 2009 Boeing set for first flight of 787 12:00am EST Copenhagen summit carbon footprint biggest ever: report 14 Dec 2009 Berlusconi attack prompts Italian soul-searching | Video 14 Dec 2009 Obama says "Hi cuz" to investment guru Buffett 12:27am EST Copenhagen summit carbon footprint biggest ever: report 14 Dec 2009 US needs plan to tame debt soon, experts say 14 Dec 2009 U.N. Bhutto assassination inquiry needs more time: Ban 14 Dec 2009 Radiation from CT scans may raise cancer risks 14 Dec 2009 Google phone with T-Mobile contract in Jan: source 14 Dec 2009 Samsung Electronics names new CEO SEOUL Mon Dec 14, 2009 8:11pm EST SEOUL (Reuters) - South Korean technology powerhouse Samsung Electronics named a new CEO on Tuesday and appointed the Samsung Group heir apparent to chief operating officer (COO), as part of an organizational restructuring. Samsung said it is changing the previous two-business group structure with seven independent companies under a single corporate entity. In January, Samsung had reorganized itself into two groups that represent components, such as memory chips and LCDs, and set products including televisions and mobile phones. Choi Geesung, who has headed the set product group -- Digital Media and Communications group -- was named the new chief executive officer, Samsung said in a statement. Current Vice Chairman and CEO Lee Yoon-woo continues as chairman of the board. Samsung appointed Jay Y. Lee, the son of former Samsung Group chairman Lee Kun-hee, to the newly created COO position. Samsung also said it was strengthening its central "C-Suite" management team to provide more unified control. The heads of all Samsung business divisions report to Choi and the C-suite. "We've strengthened the C-Suite and created a new executive position - the COO - to help expedite decision making, improve efficiency, and mediate between our business units," Choi was quoted as saying in the statement. Shares in Samsung, the world's top maker of memory chips, televisions and LCD flat screens, fell 0.51 percent at 0051 GMT, compared with the wider market's 0.3 percent loss. (Reporting by Rhee So-eui; Editing by Jonathan Thatcher) Add a Comment More from Reuters The face of climate protest Protesters around the globe called for an end to global warming as climate talks in Copenhagen entered their sixth day. Video Climate conference Life after Guantanamo Critics are worried that Gitmo prisoners once dubbed "enemy combatants" will be using prisons as pulpits for anti-American rhetoric once they're moved to U.S. soil. Full Article Factbox: Who remains in Guantanamo? Supreme Court rejects torture case A new look at the wrongly convicted U.S. Lockheed eyes deals The future demands of cybersecurity make that sector one of many the aerospace giant sees as an acquisition target in the coming year. Full Article F-35 expected to earn fitting profit level Pratt: defense industry gets "bad rap" Aerospace and Defense Summit © Copyright 2009 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal ECVJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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