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Samsung promotes Lee's son and heir to vice chairman

SAMSUNG-LEE:Samsung promotes Lee's son and heir to vice chairman

Reuters  |  SEOUL  

Electronics Co <005930.KS> has appointed Jay Y. Lee, the son of its chairman Kun-hee, as vice chairman, Group said on Wednesday, moving the chief operating officer and president another step closer to the top.

"As Vice Chairman, will build on his existing responsibilities and take a broader role in managing Electronics' businesses," it said in a statement.

"will continue to play a critical role in transforming Samsung's business model - the set (product) business into one based on a platform and the component business into a total solution provider."

Jay Lee, 44, was thrust into the spotlight in June when then Electronics chief executive Choi Gee-sung, known to be his mentor, was promoted to lead the entire group's strategy, a defacto No.2 role within the group to chairman Lee.

Observers said at the time that Choi's move was aimed at preparing a succession plan for Jay Lee.

Group was founded in 1938 by Byung-chull, Jay Lee's grandfather, as a small trading company and Electronics which is the jewel in the crown of its vast industrial empire now sells more mobile telephones than any other company.

 

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Samsung promotes Lee's son and heir to vice chairman

SAMSUNG-LEE:Samsung promotes Lee's son and heir to vice chairman

Samsung Electronics Co <005930.KS> has appointed Jay Y. Lee, the son of its chairman Lee Kun-hee, as vice chairman, Samsung Group said on Wednesday, moving the chief operating officer and president another step closer to the top.

Electronics Co <005930.KS> has appointed Jay Y. Lee, the son of its chairman Kun-hee, as vice chairman, Group said on Wednesday, moving the chief operating officer and president another step closer to the top.

"As Vice Chairman, will build on his existing responsibilities and take a broader role in managing Electronics' businesses," it said in a statement.

"will continue to play a critical role in transforming Samsung's business model - the set (product) business into one based on a platform and the component business into a total solution provider."

Jay Lee, 44, was thrust into the spotlight in June when then Electronics chief executive Choi Gee-sung, known to be his mentor, was promoted to lead the entire group's strategy, a defacto No.2 role within the group to chairman Lee.

Observers said at the time that Choi's move was aimed at preparing a succession plan for Jay Lee.

Group was founded in 1938 by Byung-chull, Jay Lee's grandfather, as a small trading company and Electronics which is the jewel in the crown of its vast industrial empire now sells more mobile telephones than any other company.

 

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Business Standard
177 22

Samsung promotes Lee's son and heir to vice chairman

SAMSUNG-LEE:Samsung promotes Lee's son and heir to vice chairman

Electronics Co <005930.KS> has appointed Jay Y. Lee, the son of its chairman Kun-hee, as vice chairman, Group said on Wednesday, moving the chief operating officer and president another step closer to the top.

"As Vice Chairman, will build on his existing responsibilities and take a broader role in managing Electronics' businesses," it said in a statement.

"will continue to play a critical role in transforming Samsung's business model - the set (product) business into one based on a platform and the component business into a total solution provider."

Jay Lee, 44, was thrust into the spotlight in June when then Electronics chief executive Choi Gee-sung, known to be his mentor, was promoted to lead the entire group's strategy, a defacto No.2 role within the group to chairman Lee.

Observers said at the time that Choi's move was aimed at preparing a succession plan for Jay Lee.

Group was founded in 1938 by Byung-chull, Jay Lee's grandfather, as a small trading company and Electronics which is the jewel in the crown of its vast industrial empire now sells more mobile telephones than any other company.

 

image
Business Standard
177 22

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