The move formalizes the all-encompassing role he has played for years at South Korea’s largest business conglomerate
Electronics Co. has officially appointed Lee Jae-yong as executive chairman, an elevation in title that formalizes the all-encompassing role he has played for years at South Korea’s largest business conglomerate.
Samsung Electronics’ board, in a Thursday statement, said it had recommended giving Mr. Lee the executive chairman title in light of the “current uncertain global business environment and the pressing need for stronger accountability and business stability.”
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