02-11-2017 12:15 via feedproxy.google.com

Samsung appoints new CFO to oversee $68 billion cash pile

(Reuters) — Samsung Electronics on Thursday announced a new chief financial officer (CFO) to be in charge of one of Asia’s biggest corporate cash piles, and said it will create a body within the firm to coordinate with tech affiliates.
The announcement follows the appointment of a new generation of top managers this week to replace leaders of its three main businesses – semiconductors, smartphones and consumer electronics – and a promise to reward shareholders with $26 bi
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