Samsung quietly swapped out its CEO, replacing the mobile-oriented Choi Gee Sung with the display and chipset chief Kwon Oh Hyun. According to a Bloomberg report, Kwon helped Samsung become the top computer-memory chip manufacturer in the world. He was rewarded for his excellence with a position that puts him in charge of Samsung’s global business, which is worth an estimated $159 billion. Choi Gee Sung will stay with the company and lead the group’s strategy office.
What this means for Samsung and its litigation with Apple is not yet known. Choi Gee Sung met recently with Apple CEO Tim Cook as part of court-required talsk, but the two CEOs failed to come to an agreement.