Samsung Electronics’ Board of Directors approves appointment of Jay Y. Lee as Executive Chairman
Board cites pressing need for accountability and business stability
The Board of Directors of Samsung Electronics today approved the appointment of Jay Y. Lee as Executive Chairman of the company.
The Board approved the appointment, which was recommended by Independent Director and Board Chairman Han-Jo Kim.
The Board cited the current uncertain global business environment and the pressing need for stronger accountability and business stability in approving the recommendation.