Samsung Electronics Co. said Friday its Vice Chairman and chief executive officer Kwon Oh-hyun will not extend his current tenure in office, which expires in March 2018.
Kwon, also known as Mr. Chip, was in charge of Samsung's component business.
Kwon joined the company in 1985 as a researcher of the company's Semiconductor Research Institute in the United States.
Lee, who was found guilty in August of bribery, perjury and other charges relating to payments made by Samsung to ousted president Park Geun-hye's secret confidante Choi Soon-sil, is appealing his five-year sentence.
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Vice Chairman Kwon will be leaving Samsung after 32 years with the company.
Friday's personnel announcement came shortly after the company said it was expecting to log 14.5 trillion won ($12.8 billion) in operating profits for the July-September quarter, an all-time record and almost three times the 5.2 trillion won of the same period a year earlier.
The resignation caps a tumultuous period for the South Korean conglomerate that included the jailing of de facto leader Lee Jae-yong. "It has not been an easy decision, but I feel I can no longer put it off", Kwon said in his letter.
Samsung expects to pull in 62 trillion won ($54.9 billion) in revenue and 14.5 trillion won ($12.8 billion) in profit for the three months ending September 30, a near 300% increase in profit compared to the same period previous year. The tech giant is unable to new growth factors by observing future trends now. Sales jumped 30 per cent to 62 trillion won ($54.7 billion).
Kwon's resignation could widen a leadership vacuum at Samsung.
Samsung is expecting record profits for third quarter amid the high-flying memory chip prices.
The company has a league of executives who manage day-to-day operations, but has usually relied on the leadership and the visions of founding family members for direction. Kwon was expected to take a bigger role after the arrest of scion and heir apparent of Samsung Group, Jay Y Lee.
South Korea's largest company has been seeking to move past a bribery scandal that saw Lee thrown into jail, and to overcome a damaging recall previous year of its flagship Galaxy Note 7 smartphone over exploding batteries.
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