Sun Woo Lee Explained

Birth Name:Sun Woo Lee (이선우)
Employer:Samsung Electronics (1984–present)[1]

Sun Woo 'Sunny' Lee (이선우) is a South Korean business executive, and is the former president and chief executive officer of Samsung Electronics Europe,[2] previously serving as chief operating officer of Samsung Electronics Germany.[3]

In 2006 Lee was imprisoned for eight months and fined USD 250,000 for his involvement at Samsung in DRAM price fixing with DRAM competitors Hynix, Infineon, Micron Technology, and Elpida.[4]

Early life and education

Lee has a BA degree in German Studies, an MBA from Bradford University and an MSc in information technology from the University of Warwick.[5]

Samsung

Early career

Lee joined Samsung in 1984.[6] From 1989 to 1994 he worked as a marketing manager for storage media at Samsung Semiconductor Europe GmbH.[7]

From January 2001 to June 2002, Lee was Senior Manager of DRAM Sales based in Seoul.[8]

Between 2007 and 2009 Lee was President of Samsung Taiwan.[9]

On 1 February 2009 Lee was appointed as President of Samsung Germany, a position he held until his appointment as Executive Vice President of the Global Visual Display Sales and Marketing Division in 2012.[10]

In January 2014 Lee was promoted to president and chief executive officer of Samsung Electronics Europe,[11] a position he held until his replacement by YH Eom in 2015.[12]

DRAM price fixing scandal

In a Northern California district court in April 2006, Lee entered into a plea agreement with the U.S government for his criminal involvement in price fixing the U.S DRAM market. The plea agreement resulted in a sentence of eight months in prison and a USD 250,000 fine, and prevented the case going to trial in which evidence would have been formally presented.[13]

Following the sentencing, Samsung issued a statement saying that it was "strongly committed to fair competition and ethical practices and forbids anticompetitive behaviour".[14]

Lee was subsequently promoted to President of Samsung Germany in 2009, and then President of Samsung Europe in 2014.

Notes and References

  1. News: From Taunus to the Thames – Sunny Lee new European head. January 29, 2014. April 8, 2016.
  2. News: Samsung Wins Multiple European Imaging and Sound Association Awards across Smartphone, Camera and Multiroom System Categories. August 15, 2014. April 8, 2016.
  3. News: Sunny Lee named President & CEO of Samsung Electronics Europe. January 27, 2014. April 8, 2016.
  4. News: Memory makers hit by price-fixing claims . . 2007-08-01 .
  5. News: From Taunus to the Thames – Sunny Lee new European head. January 29, 2014. April 8, 2016.
  6. News: From Taunus to the Thames – Sunny Lee new European head. January 29, 2014. April 8, 2016.
  7. News: Change of leadership at Samsung Germany. February 20, 2009. April 8, 2016.
  8. News: UNITED STATES OF AMERICA,Plaintiff,v.SUN WOO LEE; YEONGHO KANG; and YOUNG WOO LEE. March 22, 2006. April 9, 2016.
  9. News: Samsung Electronics appoints new president for Germany. March 4, 2009. April 9, 2016.
  10. News: Samsung Electronics Sunny Lee appoints president and CEO of the company in Europe. January 27, 2014. April 9, 2016.
  11. News: Sunny Lee named President & CEO of Samsung Electronics Europe. January 27, 2014. April 9, 2016.
  12. News: Samsung keeps the faith in wearable tech. February 6, 2015. April 9, 2016.
  13. News: PLEA AGREEMENT: SUN WOO LEE. April 5, 2006. April 13, 2016.
  14. News: Samsung exec agrees to plead guilty to price fixing. April 20, 2007. April 13, 2016.