Samsung Nominates Jay Y. Lee to Board as Note 7 Crisis Deepens

Updated on
  • 48-year-old to take more active role on strategic decisions
  • Samsung Electronics market value slumps $22 billion in 2 days

Samsung Electronics Co. nominated Lee Jae Yong to its board in a move that allows the son of its ailing chairman to take a more active role just as Korea’s largest company faces its deepest crisis in years.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.