Lee Jae-yong, who was promoted from vice chairman to chairman of Samsung Electronics, the crown jewel of Samsung Group, on Oct. 27, faces the daunting task of weathering multiple challenges, including a chip market slump, legal risks and finding new growth engines to keep the nation's largest conglomerate competitive. To this end, industry experts stressed that Lee needs to fill the chipmaker's board with directors capable of fiercely discussing the direction of the industry, while rallying mid-level executives to proactively detect rapidly-changing global trends.