Tim Baxter is currently President and CEO of Samsung Electronics North America in New York City.

However, come this June, Mr. Baxter will retire from his position and leave Samsung.

Mr. Baxter made the announcement on his LinkedIn profile.

Although he uses the word “retire” in his announcement rather than “resign,” it’s unlikely that Mr. Baxter is going to enter the retirement phase of his life.

He is only in his 50s so retiring this early would be an unexpected step for someone with 12 years of corporate leadership at one of the largest companies in the world.

However, he did not disclose his future plans in his brief LinkedIn post, so it could very well be that he plans to retire early.

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