Samsung Electronics co-CEO Jong-Hee Han died from a heart attack at age 63, as confirmed by the company. Han, who took the helm in 2022 and oversaw key divisions including consumer electronics, suffered cardiac arrest while hospitalized. His death comes during a challenging period for Samsung, which has seen a drop in its stock value and struggles against competitors like Apple. Young-Hyun Jun will now serve as the sole CEO of the company. Han had been a long-time executive at Samsung, having worked there since 1988, and was instrumental in its rise as a leading global brand.
Our deepest condolences are with his family and loved ones during this difficult time.
First and foremost, I sincerely apologize for the recent stock performance not meeting your expectations.
Over the past year, our company failed to adequately respond to the rapidly evolving AI semiconductor market.
Young-Hyun Jun will serve as the company's sole CEO following Han's death.
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