Gee-Sung Choi, Vice Chairman And CEO Of Samsung Electronics
In the last few years, Samsung Electronics has risen to be an exceptional powerhouse in the consumer electronics industry. In 2006, Samsung surpassed Sony as the top-selling television brand in the world. While Apple may have taken the U.S. by storm with the iPhone, Samsung is the world’s biggest smartphone vendor. These changes in Samsung’s market share are largely attributed to Gee-Sung Choi. If you do not recognize the name Gee-Sung Choi, it is not surprising. Choi is the Vice Chairman and CEO of Samsung Electronics and while he has had an exceptional career, his private life has largely remained private.
Gee-Sung Choi is to Samsung what Tim Cook is to Apple Computers. Choi is the CEO of Samsung Electronics and in that capacity, he is responsible for positioning Samsung to dominate the electronics market. Under Choi, Samsung embraced the Android OS for smartphones. The Android operating system is now on 52.5% of all smartphones worldwide. The popularity of the Android OS combined with Samsung marketing several low-cost smartphone options led the company to a third quarter in which they sold 24,000,000 smartphones! Pairing the popular OS with the lower-priced smartphones is a business decision that Choi fostered.
Like many CEOs, Gee-Sung Choi worked his way up the corporate ladder at Samsung. Samsung is a forty year-old company and Choi has been working for Samsung for more than thirty years! Gee-Sung Choi worked his way up from an executive in the International Trade Division to help create the Virtual Display Division of Samsung. In that position, Choi helped build Samsung into one of the world’s leading manufacturers of monitors and televisions. Samsung had the largest worldwide market share in monitors and televisions when the Board promoted Choi from President of Digital Media Business to President of Television Network Business.
In a similar fashion, Samsung rose to be the second largest mobile phone manufacturer by market share while Gee-Sung Choi was the President of Digital Media And Communications Business. With such a clear track-record of success, it is very easy to see why the Board Of Directors of Samsung promoted Gee-Sung Choi CEO after Lee Kun-hee departed the company amid a scandal. Gee-Sung Choi has remained diligent in his commitment to Samsung since his promotion and he has a firm plan through 2020 for the company!
He may not have the celebrity of a Steve Jobs or Bill Gates, but with an estimated net worth of $3.4 billion, Gee-Sung Choi certainly has the success!
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