Samsung today announced that its chairman Lee Kun-hee passed away at the age of 78. He was instrumental in making the company the global icon that it is today. Lee Kun-hee had a vision for Samsung that was executed brilliantly over two decades to elevate the company to the status that it enjoys today.
The company confirmed in a statement that he passed away on October 25 with family, including Samsung vice chairman Lee Jae-yong, at his side. A cause of death was not provided in the company’s statement.
Lee Kun-hee’s son Lee Jae-yong, the vice chairman is now poised to succeed his father as chairman. He has been the de facto head of the conglomerate for some time now. Lee Kun-hee had been out of the public eye since he suffered a heart attack in 2014 . It has since been widely reported that Lee Jae-yong would eventually take over as chairman.
However, with Lee Jae-yong facing legal troubles of his own, there’s bound to be speculation over his succession now. He’s currently facing trial on charges of , actions which allegedly enabled the family to cement its control over the empire.
That being said, the Samsung Group and indeed many in South Korea will mourn the loss of a visionary businessman who created an industrial icon in its own right.
The post appeared first on .
The company confirmed in a statement that he passed away on October 25 with family, including Samsung vice chairman Lee Jae-yong, at his side. A cause of death was not provided in the company’s statement.
His son Lee Jae-yong may succeed him as Samsung’s chairman
Lee Kun-hee’s son Lee Jae-yong, the vice chairman is now poised to succeed his father as chairman. He has been the de facto head of the conglomerate for some time now. Lee Kun-hee had been out of the public eye since he suffered a heart attack in 2014 . It has since been widely reported that Lee Jae-yong would eventually take over as chairman.
However, with Lee Jae-yong facing legal troubles of his own, there’s bound to be speculation over his succession now. He’s currently facing trial on charges of , actions which allegedly enabled the family to cement its control over the empire.
That being said, the Samsung Group and indeed many in South Korea will mourn the loss of a visionary businessman who created an industrial icon in its own right.
The post appeared first on .