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[Alpha Biz=(Chicago) Reporter Kim Jisun] Samsung Electro-Mechanics has replaced its component business manager in charge of the company's core multi-layer ceramic condenser (MLCC) business.
According to the E-Daily on the 13th, Samsung Electro-Mechanics carried out a follow-up personnel reshuffle to appoint Choi Jae-yeol, head of Samsung Electro-Mechanics' MLCC development team, as the new component business manager.
Choi Jae-yeol, a new component business manager who has completed a master's degree in ceramic engineering at Yonsei University, is an MLCC expert who has served as head of the LCR Division (currently Component Division), Process Development Group 1, LCR Element Technology Group, and MLCC Development Team 2. Vice President Kim Doo-young, the former head of the business department, will step down. Vice President Kim is currently an in-house director of Samsung Electro-Mechanics, who is believed to have naturally stepped down to foster successors in time for the end of his term in March next year.
As a result of this replacement, Samsung Electro-Mechanics will forward deploy people born in the 1970s to major business managers. Vice President Choi, who leads the component business department, was born in 1970 and Lee Tae-gon, vice president of optical communication solution business, was born in 1970. Two of the three business units, including package solutions, were born in 1970. Kim Eung-soo, vice president of the package solution business, was born in 1968.
Component division is the core division of Samsung Electro-Mechanics. In the first to third quarters of this year, component business accounted for 44.3% of the company's total sales. Samsung Electro-Mechanics is believed to be trying to enhance its future competitiveness by replacing the head of its core business division with young talent. Samsung Electro-Mechanics promoted its component manufacturing team leader, MLCC expert Park Sun-cheol, to vice president during its regular executive personnel reshuffle this month, giving a boost to the division.
The market that Samsung Electro-Mechanics is focusing on at MLCC is the battlefield. As large amounts of data processing are required due to the paradigm shift in automobiles such as autonomous vehicles, semiconductors that are installed in vehicles are increasing and markets for MLCCs for electric devices are also growing. According to U.S. market research firm P & S Intelligence, the size of the global MLCC market for battlefields is expected to grow 12.3% annually from $ 12.2 billion in 2021 to $ 34.6 billion in 2030.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
