Recent local reports in the NY/NJ media broke the news that Samsung was contemplating relocating its newly-opened headquarters from Englewood Cliffs, NJ to Plano, Tex. Asked for comment by KBB, a Samsung spokesperson issued this statement:
“Samsung Electronics America Inc. is undergoing a business transformation designed to better position our organization for long-term growth and future success. As part of this effort, we are relocating our U.S. headquarters from New Jersey to our existing campus in Plano, Texas, building on our 30-year presence in the state. The transition, which will be completed by the end of the year, is intended to strengthen alignment across teams and offices, and sharpen our focus on the areas that will drive the greatest impact for our customers, partners and business.
As part of this strategy, we will be optimizing parts of the organization to ensure our roles and functions align to key business priorities. We recognize such adjustments will have an impact on our people and we will be providing support to those affected. Samsung remains committed to its investments across the United States as we build a stronger foundation for innovation, operational excellence and sustainable growth.”
This is a developing story and will be updated with new information.
