Samsung Just Announced Its New Chairman!

Image Credits:  theindependant.com

On Thursday, an official announcement was made, and a name was decided, who would continue to lead Samsung.

Image Credits:  fortune.com

Jay Y. Lee has been named the executive chairman of Samsung.

Image Credits:  nytimes.com

Following the announcements, Samsung shares increased by almost 1% in Seoul on Thursday.

Image Credits:  news18.com

Since 2014, Lee, also referred to as Lee Jae-yong, has served as Samsung's de facto leader.

Image Credits:  cnbc.com

Samsung plans to invest more than $350 billion in its companies and add 80K new positions over the next five years.

Image Credits:  nytimes.com

The funds will mainly support industries like chip manufacturing and biopharmaceuticals.

Image Credits:  appuals.com

Samsung had record sales in the third quarter, they reached 76.8 trillion won, or almost $54 billion.

Image Credits:  thestar.com

Lee previously held the title of vice chairman of Samsung.

Image Credits:  celebrityfamily.com

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