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Samsung CEO Kwon Oh-hyun steps down in surprise move even as company posts record profits

IB Times UK / Business 117 sources

Kwon Oh-hyun was expected to take up a bigger role in the electronics company with heir Lee Jae-yong facing 5 years in prison for corruption.

Samsung Elec CEO Kwon Oh-hyun to step down from management

Reuters / Technology

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management, as it forecast record third-quarter profits on the back of soaring memory chip prices.

Goodbye Mr Chip: 'Crisis' sees Samsung boss quit

Sky News / Business

The chief executive of Samsung Electronics has resigned, with a warning that the South Korean technology giant is in the throes of an "unprecedented crisis".

Samsung Electronics CEO resigns over 'unprecedented crisis'

BBC / Asia

Kwon Oh-hyun said the company was facing an "unprecedented crisis inside out".

Samsung's Leadership Crisis Deepens as CEO Plans Exit

The head of Samsung Electronics’ components business plans to resign, in a surprise move as the departing leader acknowledged the firm faces an “unprecedented crisis” and is struggling to find new growth prospects.

Samsung CEO Kwon announces shock resignation as profits surge

Reuters / Technology

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 leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed…

Samsung CEO Kwon Oh-hyun to resign citing ‘unprecedented crisis’

The Verge

Kwon Oh-hyun, Samsung Electronics’ CEO, vice chairman, and the head of its hugely successful components business, has announced his resignation. He will step down from the CEO role, as well as his positions on the board and as CEO of…

Samsung boss resigns over "unprecedented crisis"

Reuters / Finance

Samsung Electronics CEO Kwon Oh-hyun announces shock resignation as the company's profits surge. Sara Hemrajani reports.

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Kwon Oh-Hyun will step down after more than three decades at the world's second-biggest smartphone maker

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Samsung predicts record profits for third quarter as memory business booms

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Reuters said Samsung Electronics expected its operating profit to hit 14.5 trillion Korean won for the quarter.

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