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Samsung Heavy Industries Has Appointed a New CEO for its Nigerian Subsidiary

Staff Writer by Staff Writer
February 25, 2022
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Samsung Heavy Industries Has Appointed a New CEO for its Nigerian Subsidiary
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Samsung Heavy Industries has appointed Jaebum Kim as the new CEO of its fabrication & integration yard in Lagos.

Mr. Kim succeeds Mr. Dong Seong Suh who after 5 years and 10 months of hard and satisfying work in Nigeria is returning to Korea in order to continue his career within Samsung Heavy Industries.

Mr. Kim has accrued over 7 years of experience in the optimization of construction facilities and planning. Mr. Kim has previously worked in the Korean shipbuilding industry as a Director in charge of production and process management in shipbuilding and construction planning.

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In September 2006, Mr. Kim joined Samsung Heavy Industries. He undertook projects to rationalize domestic facilities and develop new plants domestically and internationally. From 2011 to 2013 he was involved as a project leader for the establishment of PI (Process Innovation) and integrated management system (S-ERP) for the development of an integrated shipbuilding marine management system (S-ERP). This experience has allowed him to develop a deep understanding of shipbuilding and offshore plant construction process management systems.

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He played a vital role in successfully establishing the fabrication and integration facility in Nigeria and completing Egina FPSO project while securing safety and delivering high-quality standards. This achievement had marked SHI-MCI’s presence in Nigeria as a fabrication and instruction hub of Nigeria.

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The Egina is a flagship offshore oil and gas project for the French oil major, Total, which is producing close over 200,000 barrels of crude oil per day, close to 10 percent of Nigeria’s total oil production, and is adding considerable revenue to the Nigerian economy. His notable achievement as overall production control manager at SHI-MCI for 6 years, combined with his valuable experiences, made Mr. Kim the logical successor to Mr. Suh.
Mr. Kim expressed his pleasure over his new appointment and stated that he is committed to improving Nigeria’s economic development through local content.

“As CEO of the SHI-MCI yard, I am committed to empowering the African oil and energy industry through local content leadership. My aim is to maintain the innovative culture of SHI-MCI in order to put Nigeria’s shipbuilding and marine industry on the map. Supporting Nigeria’s economic development through local content and the development of local skills will be one of my key focus areas. I also would like to take this opportunity to thank Mr Suh for his many achievements as CEO of the yard. I’m very honored to take his place and am thoroughly looking forward to pushing SHI-MCI to the next level.”

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Samsung Heavy Industries has done exceedingly well in accelerating sustainable growth in Nigeria through SHIN’s strategy of building world-class vessels by merging Korean technology and know-how with Nigerian talent and passion.

Tags: SamsungTelecomTelecommunication
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