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October 13, 2017

Samsung Electronics CEO Kwon Announces Shock Resignation as Profits Surge

Samsung Electronics Co Ltd mentioned on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from administration, deepening issues over a management vacuum on the tech large after group scion Jay Y. Lee was jailed for bribery.

The shock resignation of Samsung’s chip and show head got here as he was anticipated to take a much bigger position following Lee’s arrest in February and the departures of different key executives within the wake of the bribery scandal.

The transfer got here on the identical day the South Korean smartphone maker forecast file third-quarter working revenue on the again of the reminiscence chip enterprise which Kwon was [...]

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