SK E&S CEO likely to be a board member of merged entity

[Photo by Lee Chung-woo]

SK E&S Co. Chief Executive Choo Hyung-wook is set to join the board of directors of a newly merged company between SK innovation Co. and SK E&S, a move that sparked expectations on whether he will be appointed as one of the independent CEOs for the merged corporation.

Multiple sources familiar with the matter said that on Monday, an extraordinary shareholders’ meeting scheduled for August 28th, 2024, would vote on a proposal for Choo to join the board.

Choo is expected to represent SK E&S within the merged entity if the proposal is approved. SK Innovation Chief Executive Park Sang-kyu has said that the merger of the two companies will establish a company-in-company, or CIC, allowing SK E&S to keep its business identity intact.