Senior Executive Vice President Kyung Jae-hyung, who had been named the incoming CEO of SPC Samlip, abruptly resigned ahead of the regular shareholders meeting.
According to the retail industry on the 6th, Kyung tendered a resignation the previous day for personal reasons.
Kyung was slated to be appointed as an inside director at the SPC Samlip regular shareholders meeting on the 26th. SPC Samlip had been moving to shift to a management structure in which Kyung and incumbent CEO Kim Beom-su would serve as co-CEOs.
Kyung joined Samsung Electronics in 1989 and spent 27 years building a career in finance (CFO). He was recruited in 2017 as head of management at SPC Samlip (senior managing director), later served as head of sales and head of Food BU, and was CEO of Paris Croissant.
An SPC Samlip official said, "The shareholders meeting and other upcoming schedules will proceed as planned," adding, "Nothing has been decided yet, including the selection of a successor CEO."