64-year-old Wu Yan will withdraw from Samsung's management to formally retire in 2018

【Global Network Technology Reporter Chen Jian】 October 13 news, Samsung Electronics recent news, but also big news. Samsung Electronics announced today that the company’s CEO and vice chairman Wu Quanyi has decided to withdraw from management. You know, a few hours ago, Samsung had just announced its performance expectations, and corporate profits will hit new highs for two consecutive quarters.

In the statement, Quan Wuyi stated in the statement: “I have been considering this issue for a long time. It is very difficult to make such a decision, but I feel that I can’t be hesitant anymore. I think we have experienced an unprecedented crisis. In order to better cope with the challenges, the time has come for the company to re-start under the new spirit of encouragement and leadership of the young leadership. At the same time, he believes that “the company should now establish a new management team in order to better meet the challenges. We are fortunate to create record profits, but this is the result of past decisions and investments; we are still far from finding new growth engines by reading future trends. ”

Just yesterday morning, the vice president of Samsung Electronics, Li Zaiqiu, took bribery case and entered the second instance procedure in the Seoul High Court of South Korea. This is also after nearly fifty days, this highly concerned person Li Zaiyu appeared again before the public. . Samsung has said in court that it will appeal and hopes to win the acquittal in the second instance. On the contrary, the South Korean prosecutors believed that the court's sentence to Li Zaiyu was too light and he later filed an appeal. Prior to this, the special inspection team responsible for the independent investigation of the "pro-inflation" incident had sought to impose a 12-year prison sentence on Li Zaiyu.

During the detention of Li Zaiyu, several important Samsung executives have left the company. The outside world has always placed a high hope for Quan Wuyi and hopes that he can lead Samsung out of its predicament. Mr. Kenji joined Samsung Electronics in 1985 and has been the CEO of Samsung Electronics since 2012. In 2016, he was appointed CEO of Samsung Display. The determination of Quan Wuyi will undoubtedly make the current management of Samsung face an unprepared situation. However, Quan Wuyi is not immediately leaving office. Samsung Electronics stated that Quan Wuyi will not immediately leave his post but will wait until the end of his term in March 2018 to resign.

Just recently, Samsung has just announced that due to the continued strong demand for memory chips, the company's operating profit is expected to record a new high of 14.5 trillion won (about 12.8 billion US dollars), an increase of 178%. Analysts said that when Samsung’s performance was outstanding, it might be the best time to leave the company. After all, the impact of the resignation on the company was minimal.

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