CJ Group to realign executive levels with younger faces

Lee Ho-Seung, Kim Hyo-hye, and Cho Jeehyun 2020. 12. 10. 12:57
음성재생 설정 이동 통신망에서 음성 재생 시 데이터 요금이 발생할 수 있습니다. 글자 수 10,000자 초과 시 일부만 음성으로 제공합니다.
글자크기 설정 파란원을 좌우로 움직이시면 글자크기가 변경 됩니다.

이 글자크기로 변경됩니다.

(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.

South Korea’s food to entertainment conglomerate CJ Group is expected to announce a major year-end reshuffle at the top executive level on Thursday that may bring back the disgraced heir-in-waiting to command amid ailing health conditions of the chairman.

CJ Group is said to have named Choi Eun-seok, head of management strategy office at the group’s holding entity CJ Corp., as flagship food unit CJ CheilJedang Corp.’s chief executive officer. Kang Sin-ho, CJ CheilJedang’s current CEO will likely transfer to head CJ Logistics Corp. The entertainment unit CJ ENM Co. is expected to have Kang Ho-seong, head of management support at CJ Corp. and CJ ENM, as new CEO. Jeong Seong-pil, CJ Foodville CEO, will likely move to lead food distributor CJ Freshway.

CJ Group is expected to make a formal announcement later Thursday, at the earliest. It has not said whether Lee Sun-ho, the eldest son of CJ Group Chairman Lee Jae-hyun and the heir-in-waiting of the group, will join the top executive team after his drug smuggling scandal about a year ago.

The group, the country’s 14th largest conglomerate, would become the latest among big Korean companies to make a generation shift in the top management team and fill leadership posts based on performance regardless of age.

Choi Eun-seok, 53 years old, is known to be the group chairman’s key man for strategy and finance. He reportedly led the group’s partnership deal with Naver and CJ CheilJedang’s acquisition of U.S frozen food company Schwan’s.

Kang Sin-ho, who is known as the chairman’s right-hand man, is credited for leading CJ CheilJedang to achieve the best sales record this year.

Kang Ho-seong, ex-prosecutor and lawyer, has long been floated to head CJ ENM, which faces multiple challenges of a lawsuit regarding TV show scandal and deteriorating sales.

[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지