Samsung Electronics Appoints Outside Director Kim Han-jo as Chairman of the Board

Outside Director Chairs to Enhance Board Independence and Management Transparency

[Asia Economy Reporter Park Sun-mi] Samsung Electronics appointed Kim Han-jo as the chairman of the board at the board meeting held immediately after the '53rd Annual General Meeting of Shareholders' on the 16th.

Chairman Kim became the second outside director to serve as chairman, following the former chairman Park Jae-wan. As the representative of Samsung Electronics' board, Chairman Kim will decide on the agenda to be presented to the board and convene and conduct board meetings. He will also perform the role of mediating and making decisions among the directors under the authority of the chairman.

Chairman Kim has served as an outside director since March 2019 and is an accounting and finance expert and executive who has held positions such as President of Korea Exchange Bank, Vice Chairman of Hana Financial Group, and Chairman of Hana Financial Public Welfare Foundation.

As an outside director, Chairman Kim has thoroughly reviewed and advised on agenda items requiring financial expertise, demonstrated leadership in communication by persuading stakeholders and proposing win-win solutions, and was thus elected as chairman of the board. With his experience and know-how in directly managing boards in the financial sector, there are high expectations that he will greatly contribute to Samsung Electronics' board operating independently with responsible management and lead transparent board operations as a financial expert.

Chairman Kim stated, "Through board-centered responsible management, I will do my best to ensure that Samsung Electronics practices sustainable management, fulfills its social responsibilities, and enhances shareholder value."

This content was produced with the assistance of AI translation services.