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Samsung’s Leadership Crisis Deepens as CEO Announces Exit Plan

SEOUL—The head of Samsung Electronics Co.’s components business plans to resign, in a surprise move as the departing leader acknowledged the firm faces an “unprecedented crisis” and is struggling to find new growth prospects. The development came after the South Korean tech giant said it expected another quarter of record profit.

Samsung Electronics Chief Executive Kwon Oh-hyun, 64 years old, announced his plan to resign in a statement Friday. He will do so after his successor is named, according to people familiar with the…

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