Samsung boss Jay Y. Lee to build on late father’s legacy

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Reuters

By Joyce Lee SEOUL (Reuters) – As Samsung Electronics’ de facto leader Jay Y. Lee steps up as chairman, daunting tasks await the executive seeking to build on the work of his father, who turned a copycat appliance maker into the World’s biggest chip and smartphone manufacturer. Samsung said on Thursday its board of directors appointed Lee as executive chairman, a symbolic move confirming that South Korea’s most valuable company will be officially run by the third generation of its founding family. The appointment follows his release from jail last year for bribery convictions, of which he has …

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