Scandal-prone Korean Air chairman dies weeks after ouster from board

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Reuters

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ID:

1554705342480743100

Mon, 2019-04-08 06:13

SEOUL: Korean Air patriarch, chairman and CEO Cho Yang-ho died of a chronic illness on Monday just weeks after shareholders ended his 27-year tenure on the board of the country’s biggest carrier due to perceived leadership failings.
Shares of the family-controlled airline and Hanjin Kal, the holding company for parent Hanjin Group, jumped on news of the death, as investors push for better governance under new management or a younger generation of the Cho family.