Samsung replaces TV chief with marketing veteran amid Chinese competition
Samsung Electronics has appointed Won-Jin Lee, previously head of its Global Marketing Office, as the new leader of its Visual Display business, replacing the outgoing TV division chief. The change comes after a quarter of declining TV profits, as Chinese rivals such as TCL and Hisense intensify competition in the global television market. Lee's marketing background signals a strategic shift toward brand and consumer engagement to counter pricing pressure from Chinese manufacturers. The move underscores Samsung's effort to maintain its long-standing position as the world's top TV seller by volume, a title it has held for 18 consecutive years.
Key facts
- Won-Jin Lee appointed head of Samsung's Visual Display business
- Lee previously led Samsung's Global Marketing Office
- Change follows a quarter of declining TV profits
- Chinese rivals TCL and Hisense are increasing competition
- Samsung has been world's top TV seller for 18 years
Entities
Institutions
- Samsung
- TCL
- Hisense
Sources
- Quartz —