Yoon Boo-keun, former head of the consumer electronics business, was also promoted to vice chairman for Samsung‘s corporate-relations matters. Shin Jong-kyun, who headed the mobile arm of the tech giant, was appointed the vice chairman for the company’s human resources development.

“As previously stated, they will leave the Board of Directors as of March 2018,” Samsung said.

Earlier this week, the company said it named President Kim Ki-nam to head the device solutions division. President Kim Hyun-suk was named to head consumer electronics, while President Koh Dong-jin was tapped as the new head of the IT and mobile division.

The reshuffle came amid a major leadership crisis after Lee Jae-yong, who had been the de facto chief of Samsung, was imprisoned in February for his connection to a scandal that led to the impeachment of former President Park Geun-hye. He was slapped with a five-year jail term in August.

Seven executive vice-presidents were also promoted to presidents. 

Samsung Electronics said these appointments are significant, as all seven new presidents are in their 50s, reflecting the company's vision to adopt younger leaders.

The company said it intended to appoint younger executives to key posts to reflect the quickly changing nature of the global information technology sector. 

Four of the seven appointments were made within the chip division, which made a record-high profit in the third quarter to post an operating margin above 50 percent for the first time, Samsung added. 

Tim Baxter was also promoted to president, and will continue to serve as CEO of Samsung Electronics America. Samsung said Baxter had played key role in helping the company become a leading player in the critical North American market.

Samsung Display Co. also named Lee Dong-hoon as its new CEO, after Kwon resigned from the post. (Yonhap)