Samsung’s imprisoned board chairman resigns in wake of conviction

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Samsung’s board chairman is out.

Jung Yeon-Je/AFP through Getty Images

Samsung board chairman Lee Sang-hoon has actually resigned following his conviction for breaching labor laws and trying to undermine labor union activities, according to a Reuters report.

In December, Lee was among 26 Samsung executives founded guilty by a court in Seoul. He was sentenced to 18 months in jail, however appealed his sentence.

Lee had actually remained in the post of board chairman given that March 2018 and formerly acted as the business’s monetary officer. He was designated as part of an effort by the South Korean business to be more transparent following a corruption scandal including the business’s successor obvious, Jay Y Lee.

Samsung informed Reuters that Lee’s follower will be designated in the future. Possible prospects consist of the business’s staying board directors or internal executives, consisting of the CEOs of its numerous innovation departments.

Representatives for Samsung didn’t right away react to ask for remark.

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