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Samsung Electronics announced on Thursday that Kwon Oh-hyun will replace Choi Gee-sung as the company's chief executive officer. Choi will take over as Samsung's head of corporate strategy, Reuters said Thursday. ""Choi is the best candidate who can chart Samsung through the global economic crisis and ever-intensifying competition,"an anonymous Samsung executive said, according to Reuters. "Under Choi, Samsung plans to pursue innovative changes." Kwon's previous role was head of Samsung's components group.

[via Reuters]