Samsung CEO Announces Resignation

Samsung Galaxy S8

Troubled times surround the top management of the Samsung company in recent months. A little over two months ago the vice president of the company and the next heir to the Korean empire He was sentenced to 5 years in prison for government bribery, embezzlement and corruption.

As if that were not enough, the current CEO of the company, Kwon Oh-Hyun, has sent a statement to the employees announcing your departure from the company next year, stating that the time has come for the company to have a new leader who can guide it on the best way forward.

It's something I've been thinking about for a long time. It has not been an easy decision but the moment comes when I can no longer delay the inevitable. As we face an unparalleled crisis from the inside out, I believe that the time has come for our company to start over with a new, younger leader who knows how to respond to the challenges that the technology industry demands today.

Kwon Oh-hyun joined the company in 1985 and has since found his way up to reach the position of CEO of the Korean company in 2012. Being a family business, and having the heir in jail, it is more than likely that the president's daughter will sooner or later take over a position of responsibility, being a very important step in the incorporation of women into positions managers in South Korea, where to this day, it remains a utopia.

The departure of the CEO is particularly striking, now that the company is breaking revenue and profit records in almost every field in which it is involved, although as usual, the semiconductor division remains the queen of the crown within the company, above the mobile division, despite the success of the models that the company has launched on the market throughout this year.


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