Chairman of Samsung Electronics, Lee Kun-hee, might just be grooming a successor. Third-generation Lee Jae-yong has been promoted to the role of president at the firm, after serving as executive vice president at Samsung Electronics.
His sister Lee Boo-jin has also been promoted to president of Samsung Everland, chief executive of Hotel Shilla and advisor to Samsung C&T. Both announcements signal a step forward in the 68-year-old Lee’s succession plan.
If Lee Boo-jin and Lee Jae-yong prove themselves capable, this next generation may eventually lead the family-controlled conglomerate, say experts. As chairman of the company, Lee brought in a lot of change to the company products and operations, and is known for saying: “Change everything except your wife and kids.”