Jay Y. Lee Appointed Samsung Electronics Executive Chairman

Samsung Electronics’ Board of Directors approves appointment of Jay Y. Lee as Executive Chairman
Board cites pressing need for accountability and business stability

The Board of Directors of Samsung Electronics today approved the appointment of Jay Y. Lee as Executive Chairman of the company.

The Board approved the appointment, which was recommended by Independent Director and Board Chairman Han-Jo Kim.

The Board cited the current uncertain global business environment and the pressing need for stronger accountability and business stability in approving the recommendation.

Samsung Electronics pursues a global first-class company that cares about people and society. Taking the value system of 'management philosophy, core values, and management principles' as the compass for management, our ultimate goal is to contribute to human society by creating the best products and services based on our human resources and technology.