Samsung Heir to Join Fiat-Chrysler Board

      May 07, 2012 12:33

      Lee Jae-yong

      Lee Jae-yong, the eldest son of Samsung Electronics Chairman Lee Kun-hee, was recommended on Friday as one of the independent directors of the board at Exor, the Agnelli family's investment company, which controls carmaker Fiat-Chrysler.

      Lee, who is the president of Samsung Electronics, has apparently accepted the post. It is rare for a manager of a local business group to become a director at a foreign multinational.

      Exor is the holding company of Fiat-Chrysler, which also includes luxury brands Ferrari and Maserati. It also holds stakes in the Italian football club Juventus Turin.

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