Lee Su-ji resigns as director of Eastar HoldingsLee Su-ji resigned as director of Eastar Holdings, though she will remain CEO of the company.
During a meeting held at the headquarters of Eastar Holdings in Gangseo District, western Seoul, on Wednesday, the board voted to name Kim Yoo-sang to the director position vacated by Lee.
Lee owns 33.3 percent of the company, which in turn owns 39.6 percent of Eastar Jet, while her brother owns the rest of the holding company. Their father founded Eastar Jet in 2007.
Lee resigned as director the day before the board meeting.
In July, Jeju Air backed out of a deal to buy troubled Eastar Jet, which is now in the process of sacking half its workforce and paring its fleet as it discusses a possible purchase by other investors.
The board also voted to increase the number of shares outstanding from 100 million to 150 million at the meeting Wednesday.
BY JIN MIN-JI [firstname.lastname@example.org]l
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