Samsung Elec CEO Kwon Oh-hyun to step down from management

SEOUL, Oct 13 (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management.

"I believe the time has come for the company to start anew with new sprit and young leadership to better respond to challenges, Kwon said in a statement. (Reporting by Joyce Lee; Editing by Stephen Coates)