Samsung Elec names Jay Y. Lee executive chairman By Reuters

© Reuters. FILE PHOTO: Samsung Electronics Vice Chairman Jay Y. Lee arrives at a court in Seoul, South Korea, October 26, 2021. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – Samsung Electronics (OTC:)’ de facto leader Jay Y. Lee has been named executive chairman of the company, it said on Thursday, a symbolic move heralding that South Korea’s most valuable company will be officially run by the third generation of its founding family.

The change reflects a role Lee has held since his father, the late patriarch and Samsung (KS:) Group chairman Lee Kun-hee, was hospitalised in 2014 and died in 2020, analysts said.

Lee, 54, has been vice chairman of Samsung Electronics, the crown jewel of South Korea’s biggest business conglomerate, since 2012.


Source link

(This article is generated through the syndicated feed sources, Financetin doesn’t own any part of this article)

See also  Italo Disco: The sound of a summer that never ended

We will be happy to hear your thoughts

Leave a reply

 
financetin
Logo