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

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Samsung Electronics Co Ltd said on Friday it has named a non-executi...

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

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. “I don’t place much meaning in this appointment,” said Park Sang-in, a professor at Seoul National University and a specialist in corporate governance. “Bahk has been with the Samsung board so he is sort of a Samsung man.”

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