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Technology Samsung's jailed board chairman resigns in wake of conviction

15:20  14 february  2020
15:20  14 february  2020 Source:   cnet.com

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Samsung Board Chairman Lee Sang-hoon has resigned following his conviction for violating labor laws and attempting to sabotage labor union activities, according to a Reuters Lee had been in the post of board chairman since March 2018 and previously served as the company' s financial officer.

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) board Chairman Lee Sang-hoon was sentenced to 1-1/2 years jail on Tuesday for sabotaging legitimate union activities, a South Korean court said. Lee and about 25 other defendants were charged with sabotaging union activities by

Samsung board chairman Lee Sang-hoon has resigned following his conviction for violating labor laws and attempting to sabotage labor union activities, according to a Reuters report.

a close up of a sign: Samsung's board chairman is out. Jung Yeon-Je/AFP via Getty Images© Provided by CNET Samsung's board chairman is out. Jung Yeon-Je/AFP via Getty Images

In December, Lee was one of 26 Samsung executives convicted by a court in Seoul. He was sentenced to 18 months in prison, but appealed his sentence.

Lee had been in the post of board chairman since March 2018 and previously served as the company's financial officer. He was appointed as part of an effort by the South Korean company to be more transparent following a corruption scandal involving the company's heir apparent, Jay Y Lee.

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SEOUL (Reuters) - Samsung Electronics (LON:0593xq) said on Friday that Lee Sang-hoon, the chairman of its board , had offered to resign , without elaborating on a reason. In a statement, the company said the board planned to appoint a new chairman in the near future.

Lawyers for the jailed heir to the Samsung empire filed an appeal against his conviction on Monday as South Korean media divided on the ruling that put the country' s top business leader behind bars. But another Samsung Electronics vice chairman , Kwon Oh-Hyun, called the situation "regrettable" in

a close up of a logo: Samsung's board chairman is out.© JUNG YEON-JE/AFP via Getty Images

Samsung's board chairman is out.

Samsung told Reuters that Lee's successor will be appointed in the near future. Possible candidates include the company's remaining board directors or internal executives, including the CEOs of its various technology divisions.

Representatives for Samsung didn't immediately respond to request for comment.

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