Samsung Electronics just lost its CEO at the height of its success
Friday, 13 October 2017 () Samsung Electronics, the flagship business of the South Korean mega-conglomerate and the second largest tech company on the planet, has just lost its CEO and vice chairman Kwon Oh-hyun today, as he announced his decision to step down. In a letter to employees, Kwon noted that as the firm is “confronted with unprecedented crisis inside out, I believe that time has now come for the company start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry.” He’s almost certainly referring to the arrest of Lee Jae-yong, the de facto…
Oct.12 -- Samsung Electronics' Vice Chairman and Chief Executive Officer Kwon Oh-hyun is stepping down after more than three decades at the company, saying he's making way for new leadership. Bloomberg's Haidi Lun reports on "Bloomberg Markets: Asia."
Kwon Oh-hyun, Samsung Electronics’ CEO, vice chairman, and the head of its hugely successful components business, has announced his resignation. He will step... The Verge - TechnologyAlso reported by •Reuters •Reuters India •AppleInsider •BGR India •RTTNews