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Friday, December 3, 2010

Founder’s grandson promoted to president of Samsung Electronics

Lee Jae-yong, the son of Samsung Electronics chairman Lee Kun-hee (and grandson of the company’s founder), has been promoted to president of Samsung Electronics. It’s part of a reorganisation that involved two promotions to vice chairman and nine new presidents in the group.

Choi Gee-sung, who was president at Samsung Electronics, has been promoted to CEO and vice chairman.

[More details: KoreaHerald.com; BusinessWeek.com]

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Author: The Fonecast
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