Samsung Electronics names former finance minister as its new board chairman

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Samsung Electronics said on Friday that former finance minister, Bahk Jae-wan, h...

FILE PHOTO: Then South Korean Minister of Strategy and Finance Bahk Jae-wan looks on after attending an interview with Reuters at a hotel in Mexico City November 4, 2012. REUTERS/Henry Romero/File Photo

Bahk, 65, has served as an outside director since March 2016 and “has a deep understanding of the company and the board,” Samsung said in a statement. “He has a wealth of experience as an administrator...and is expected to lead the board’s strategic decisions,” the statement said.

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