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Samsung CEO Kwon Oh-hyun announces resignation

BGR India Friday, 13 October 2017 ()
The chairman of Samsung Electronics Co.’s board of directors, who has been the public face of the company after its de facto chief was jailed on corruption charges, said today he will resign next year to make way for a new leader. “As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company to start anew, with a new spirit and young leadership to better respond to challenges arising in the rapidly changing IT industry,” Kwon Oh-hyun, 65, said in a letter to employees. Kwon plans to resign as head of Samsung’s semiconductor and component business and will not seek re-election on the company’s board when his term expires in March, Samsung
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Source: Bloomberg Global Business - < > Embed

News video: Chips, Display Demand Boost Samsung Earnings

Chips, Display Demand Boost Samsung Earnings 03:09

Oct.13 -- Mark Newman, senior research analyst global memory at Sanford C. Bernstein, discusses the resignation of Samsung Electronics' CEO and their third-quarter earnings. He speaks on "Bloomberg Markets: Asia."

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