Witz (CEO Kim Eung-tae), a power transmission solution specialist, announced on the 8th that it has hired former Samsung Electronics Vice President Lee Woo-seop as its president to strengthen its business competitiveness and secure a foundation for mid- to long-term growth.
President Lee Woo-seop began his career at Samsung Electronics in 1990 in the VD Purchasing Team and later served as Purchasing Team Leader for the MX Division. He has served for approximately 35 years at Samsung Electronics, overseeing all aspects of the company's operations, including purchasing, partner management, cost innovation, and supply chain operations. He served at Samsung Electronics until 2025, when he assumed the role of President of Witz.
During his tenure at Samsung Electronics, this CEO was recognized for his contributions to stabilizing the global supply chain, strengthening the competitiveness of suppliers, and establishing a model for mutually beneficial cooperation. In 2022, he was awarded the Silver Tower Order of Industrial Service Merit for his contributions to easing the financial burden on small and medium-sized suppliers and stabilizing their operations through the establishment of a mutually beneficial fund and the operation of mutually beneficial payment systems.
Witz explained that President Lee Woo-seop is the right person to strengthen the competitiveness of existing core businesses and lead the improvement of business efficiency and profitability by utilizing his expertise in purchasing and cost structure innovation, win-win cooperation between large companies and their partners, and large-scale organizational and business operation at Samsung Electronics.
Furthermore, we expect that by improving supply chain management, we will establish a foundation for stable growth and contribute to enhancing the competitiveness of our business portfolio in the mid- to long-term.
A Witz official said, “The appointment of President Lee Woo-seop is not simply a personnel matter; it is a strategic choice for Witz to take a leap forward,” adding, “We will simultaneously increase corporate value and shareholder value through improving the constitution of our core businesses and pursuing a stable growth strategy.”
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