Samsung Electronics CEO announces resignation as company forecasts record profits
Friday, 13 October 2017 () Longtime Apple "frenemy" Samsung Electronics on Friday local time said CEO and Vice Chairman Kwon Oh-hyun will resign from management effective March 2018. The surprise announcement comes as the South Korean tech giant forecasts record-breaking quarterly profits on the back of strong memory chip gains.
Samsung Electronics says its CEO and Vice Chairman is stepping down despite forecasting record third-quarter profits on the back of soaring memory chip prices. The 64-year-old Oh-Hyun Kwon had been expected to take a bigger role following the February arrest of Samsung Group’s heir apparent Jay Y....
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a... Reuters - TechnologyAlso reported by •thisismoney.co.uk •Independent