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Samsung Electronics CEO Kwon Oh-hyun to step down

2017/10/13 10:34

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SEOUL, Oct. 13 (Yonhap) -- Samsung Electronics Vice Chairman and CEO Kwon Oh-hyun said Friday he will not extend his term in office, which expires in March 2018.

Kwon has been working as de facto head of the company following the imprisonment of the Samsung heir Lee Jae-yong. Samsung Electronics said Kwon will also retire from his seat at Samsung Display Co.

Kwon first joined Samsung Electronics in 1985. He was appointed Chief Executive Officer by the company's Board of Directors in 2012.