Samsung's new man
Source: Agencies |
December 4, 2010, Saturday
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Print Edition
Print Edition
A scion of the family that founded the sprawling Samsung conglomerate has been promoted to president at the flagship electronics business.
The elevation of Lee Jae-yong, 42, from executive vice president at Samsung Electronics Co comes after his father, the company's chairman, last month said a management reshuffle was imminent. Lee will retain his chief operating officer position, Samsung Group said in a statement yesterday.
In another promotion, Lee's younger sister was made president of a theme park and resort operator that plays a key role in the conglomerate's complicated financial structure based on cross shareholdings by group companies.
The elevation of Lee Jae-yong, 42, from executive vice president at Samsung Electronics Co comes after his father, the company's chairman, last month said a management reshuffle was imminent. Lee will retain his chief operating officer position, Samsung Group said in a statement yesterday.
In another promotion, Lee's younger sister was made president of a theme park and resort operator that plays a key role in the conglomerate's complicated financial structure based on cross shareholdings by group companies.
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