Samsung chief executive announces shock resignation as profits surge

Author: ReutersFri, 2017-10-13 06:37ID: 1507875846841509400SEOUL: Samsung said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery.

The surprise resignation of Samsung’s chip and display head came as he was expected to take a bigger role following Lee’s arrest in February and the departures of other key executives in the wake of the bribery scandal.

The move came on the same day the South Korean smartphone maker forecast record...
12 Published By - arabnews.economy - 2017.10.13. 08:26
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