News Column

Samsung Heir Apparent Moves Closer to Top Job

Dec 5, 2012

Samsung Group on Wednesday named the son of its leader as vice chairman of the flagship Samsung Electronics Co, moving the heir apparent of South Korea's largest family-owned conglomerate one step closer to the top position.

Lee Jae Jong, 44, has been president of Samsung Electronics for two years, and seen the company post record earnings thanks in part to strong mobile phone sales.

In the conglomerate's complex senior management structure, he is also the group's operations chief.

The group is currently headed by Lee's father, 70-year-old chairman Lee Kun Hee, himself the son of Samsung founder Lee Byung Chull.

Samsung is the world's biggest maker of computer memory chips, liquid-crystal display panels and smartphones.

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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