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Samsung Group names CEOs for financial units

South Korea's Samsung Group appointed new CEOs for its life insurance, credit card and asset management units, JoongAng Ilbo reported.

The group appointed Jeon Young-muk CEO of Samsung Life Insurance Co. Ltd., Kim Dae-hwan CEO of Samsung Card Co. Ltd. and Shim Jong-geuk CEO of Samsung Asset Management Co. Ltd. The appointments are subject to shareholder approval.

Jeon Young-muk currently serves as CEO and vice president of Samsung Asset Management; Kim Dae-hwan is currently vice president of Samsung Life Insurance; and, Shim Jong-geuk is currently serving as vice president of Samsung Life Insurance.

Meanwhile, Samsung Fire & Marine Insurance Co. Ltd. CEO Choi Young-moo and Samsung Securities Co. Ltd. CEO Chang Seok-hoon were appointed to serve another term. Chang was promoted to president from vice president in the same management reshuffle.