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Samsung Electronics names non-executive director as board chairman in company first

Friday, February 21, 2020, 9:50 PM

Samsung Electronics Co Ltd(005930.KS) said on Friday it has named a non-executive director as board chairman for the first time, to increase transparency and independence. Former Finance Minister Bahk Jae-wan replaces Lee Sang-hoon who was jailed in December for interfering with union activities. Bahk "has a wealth of experience as an administrator ... and is expected to lead the boards strategic decisions," it said.