Samsung Electronics names non-executive director as board chairman in company first

Samsung Electronics Co Ltd said on Friday it has named a non-executive director as board chairman for the first time, to increase transparency and independence.

Former Finance Minister Bahk Jae-wan replaces Lee Sang-hoon who was jailed in December for interfering with union activities.The appointment, which is effective immediately, comes as Samsung heir apparent Jay Y. Lee and former executives face trial for alleged involvement in a bribery scandal linked to impeached President Park Geun-hye.

Bahk"has a wealth of experience as an administrator ... and is expected to lead the board's strategic decisions," it said.

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Samsung Electronics names former finance minister as new board chairmanSEOUL (REUTERS) - Samsung Electronics said on Friday (Feb 21) that former finance minister, Bahk Jae-wan, has become its new board chairman after his predecessor was jailed for union-busting activities.. Read more at straitstimes.com.
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