LG, Lotte, Kakao join generational shift in year-end executive reshuffle
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.
LG Electronics CEO Kwon Bong-seok was named the chief operating officer (COO) and vice chairman of LG Group’s holding company LG Corp., becoming the second most powerful person at the country’s fourth-largest conglomerate, in a year-end executive reshuffle announced by LG Group on Thursday. Kwon's CEO role at LG Electronics will be replaced by current chief strategy officer Cho Joo-wan. Most CEOs at other affiliates such as LG Chem, LG Display and LG Household & Health Care retained their jobs, indicating that the companies have chosen stability amid lingering challenges from the pandemic crisis and global supply chain disruptions.
The most notable feature in this year’s executive shakeup is that a new generation of 132 executives rose to power, the largest promotions under Chairman Koo Kwang-mo’s leadership. Of these, 82 are in their 40s, making up 62 percent of the new vice presidents. LG Group executives who were born in the 1970s now account for 52 percent of the group’s entire executives at the end of this year, up from 41 percent a year ago. LG’s latest reshuffle is construed as an attempt to nurture future entrepreneurs with growth potential and expertise, while broadening the pool of CEO candidates.
Lotte Group heralded change and innovation in its leadership shakeup announced on Thursday by tapping former Homeplus vice chairman Kim Sang-hyun as the new head of its retail business and former Nolbu CEO Ahn Se-jin as the head of its hotel business. This is the first time that the country’s fifth-largest conglomerate have appointed leaders for its two key affiliates from outside the group.
Kim previously served as the vice president and country head of consumer goods maker Procter & Gamble (P&G) Korea. Ahn formerly worked at management consultancy AT Kearney and developed new businesses and business strategies at LG Group.
Lotte Group also revised the organization structure by converting its four-business unit system (retail, hotel/service, food, chemical) into four headquarters to ensure a more effective decision-making process within each headquarter.
A wind of generational change is blowing also at the IT industry. South Korea’s platform giant Kakao Corp. promoted Kakao Pay CEO Ryu Young-joon to co-head the parent firm with CEO Yeo Min-soo. Ryu’s CEO role at Kakao Pay will be replaced by vice president Shin Won-keun. Both Ryu and Shin are 44 years old. The change in leadership at Kakao comes after its archrival Naver named 40-something M&A experts in new leadership.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- Hyundai Department Store Duty Free in collabo with convenience store CU to bolster sales - Pulse by Maeil Business News Korea
- Investors are warned of discretion in the hype over NFT employment in games - Pulse by Maeil Business News Korea
- KAI moves to AI employment in aerial production via equity invest in AI venture - Pulse by Maeil Business News Korea
- Korean biopharmas active in exploring potential of predictive biomarkers - Pulse by Maeil Business News Korea
- Hyundai Motor’s Palisade SUV picked for Abu Dhabi police vehicle - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 8인치 파운드리 불황 때문에…‘영업익 반 토막’ DB하이텍 위기 언제까지
- “사망 충동 늘어”…의사 A씨, 유아인에 ‘마약류 처방’한 이유 [MK★이슈] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이