Head of Samsung will leave his post at the end of March 2018

The press service of Samsung Electronics announced today that Vice Chairman and CEO Oh-Hyun Kwon (Kwon Oh-hyun) decided to leave his post at the end of March next year, when his due date.

Oh-Hyun Kwon control units of semiconductor products and displays that he is the actual leader of the company after the arrest of the Vice-President of Samsung Lee Jay (Lee Jae-yong).

«This is what I think a lot lately — said Oh-Hyun Kwon. — The decision was difficult, but I think I can no longer take this position.»

«Once we are faced with an unprecedented crisis inside and outside the company, I think it’s time for the young strong leader who will be able to better respond to the challenges arising in the rapidly changing it industry».

Oh-Hyun Kwon became the highest-paid CEO in South Korea in the first half of 2017. According to the forecast of Samsung, operating income of the company in the third quarter, almost three times surpassed last year’s.



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