Samsung names billionaire scion Jay Y. Lee as chairman | CNN Business

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Samsung has appointed Jay Y. Lee, its longtime de facto leader, as executive chairman

The move was announced Thursday, making official who would continue to head up South Korea’s most valuable and well-known company. Lee had previously held the title of vice chairman. Samsung’s board, which approved the change, “cited the current uncertain global business environment and the pressing need for stronger accountability and business stability,” the tech giant said in a statement.

” “During this period, we have had to confront many challenges, and at times, we have struggled to make breakthroughs,” he said, according to a readout of remarks that Samsung shared with CNN Business. “Without a doubt, we are at a pivotal moment.” “Now is the time to plan our next move,” Lee added.

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He is the son of the Samson founder who was twice jailed for bribery and bribery. And he's in shape. amen, lcd tv

The corruption king.

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Grandson of Samsung’s founder takes control of empire as earnings fallJay Y. Lee has been embroiled in scandal since 2017. he can be coo. child of owner. no one will his rap sheet would get a ceo position of such a big corp. Fire TM Roh Samsung must be desperate as he just got out of prison for bribery and corruption. 🤦‍♂️
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