Samsung Electronics America started off the day Tuesday with a little bit of a “power shuffle”. Current Samsung Electronics America CEO C.S. Choi is passing the torch down to Yangkyu Kim to become the new CEO and president of its America division. Choi is heading to Korea, where Samsung’s headquarters are located, and he’ll become a special advisor to CEO G.S. Choi.
Kim will be overseeing the operations in North America including U.S., Canada and Mexico. He has overseen operations in Samsung Electronics Philippines and France. He has reportedly spent 24 years serving for Samsung and he was previously a senior vice-president and head of global sales and marketing for the Samsung Headquarters in the “Visual Display Business” department.
According to reports, given his previous experience in the market of HDTV’s, Samsung Electronics America will make him feel “right at home.” Samsung continues to be a leader in selling televisions, Blu-Ray players, as well as other consumer and business electronics across North America. Reports from CNET indicate that, “During the third-quarter of 2010, Samsung was able to lead all other vendors in the U.S. with a 19.3 percent market share. Vizio was behind with 17 percent market share. However, Samsung trailed Vizio in the LCD space, nabbing 17.7 percent share, compared to Vizio’s 19.9 percent market ownership. All told, Samsung shipped 1.8 million TVs to the U.S. during the third quarter.”