Samsung Electronics has appointed TM Roh as co-CEO and head of device experience division, overseeing mobile, TV, and home appliances. The move returns Samsung to a co-CEO structure following the death of Han Jong-Hee. Analysts view the appointment as a strategic move to strengthen competitiveness and support key divisions like memory chips and mobile.

Ryu Young-ho, a senior analyst, sees the appointment of TM Roh as a signal of Samsung’s focus on memory chips and mobile divisions. The memory business is thriving in the market, and Samsung is making progress in the AI chip race. The reshuffle follows the appointment of a new head of the business support office, a crucial decision-making body within Samsung.

Samsung Electronics shares are down 4.2% amidst a broader decline in Asian stocks. Analysts attribute the drop to concerns over AI valuations and U.S. jobs data impacting the interest rate outlook. The leadership changes at Samsung are not seen as a direct cause of the stock decline. The company continues to navigate challenges in the tech sector.

Read more at Yahoo Finance: Samsung Elec names mobile chief co-CEO in return to traditional structure