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Samsung scion joins board as profits plunge on Note 7 crisis
Beleaguered mobile unit will focus on regaining consumer confidence, says company
Add BT as a preferred sourcePublished Thu, Oct 27, 2016 · 09:50 PM
Seoul
SAMSUNG heir apparent JY Lee took a major step towards control of the family-run conglomerate on Thursday, joining the board as the company reported a 30 per cent profit plunge following a highly damaging smartphone recall crisis.
The move is being seen as a coronation of sorts of the 48-year-old Mr Lee, who is already vice-chairman of Samsung Electronics and has seen his influence grow since his father, Samsung patriarch Lee Kun-hee, suffered a heart attack and was hospitalised in 2014.
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