Ron Burgundy Posted May 15, 2015 Share Posted May 15, 2015 By Se Young Lee SEOUL (Reuters) - Samsung Group [sAGR.UL] heir apparent Jay Y. Lee will take over from his father Lee Kun-hee as head of two key foundations, the conglomerate said on Friday, suggesting that a transfer of leadership is underway at South Korea's largest conglomerate. Jay Y. Lee, 46, will succeed his 73-year-old father, who has been hospitalized since suffering a heart attack more than a year ago, as chairman of Samsung Life Public Welfare Foundation and Samsung Foundation of Culture from May 31, a Samsung Group spokeswoman said. The foundations hold stakes in Samsung Life Insurance Co Ltd, an important piece in the conglomerate's complicated ownership structure that enables the Lee family to control the group despite their relatively small stakeholdings. View the full article Quote Link to comment Share on other sites More sharing options...
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