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SK Group conducted a reorganization round at its Information and Communication Technology units. It has reshuffled the chief executives of several affiliates, and this is said to be an annual practice in the company.
SK Group’s change of leaders in its ICT companies was carried out amid the lingering uncertainties in the global business environment. The company shake-up was announced on Thursday, Dec. 1, and this just shows its intent to focus more on stable operations in 2023, to rise up even with the tough economic situation.
While many executives were appointed to new posts, most of them were retained in their roles. Those who will keep their CEO roles are SK hynix’s Park Jung Ho, SK Innovation’s Kim Jun and SK Inc.’s Jang Dong Hyun.
On the other hand, those who have been assigned to new positions include SK E&S’a vice chairman Yu Jeong Joon who will now lead SK Group's public relations in North America while also serving as the chief of PassKey, SK E&S’s US unit. Correspondingly, Choo Hyeong Wook will now become the only CEO of the energy company.
Park Sung Ha, SK C&C’s CEO, has been moved to lead SK Square, SK Group’s investment arm. Then again, Korea Joongang Daily reported that this decision is still pending approval by shareholders at the upcoming annual general meeting in early 2023. The company said that Park’s experience in mergers and acquisitions while still working at SK Telecom made him the perfect executive for the role.
The chairman of SK’s group decision-making body, called the SK Supex Council, will be retained. Cho Dae Sik will not be serving in his fourth two-year term. However, the company is replacing the council’s social value committee head, and Lee Hyung Hee, who is also the Korea Chamber of Commerce and Industry VP, will be replaced by SK Energy chief Cho Kyung Mok. Lee will now lead the communication committee of Supex.
The Korea Herald reported that SK Telecom would continue to be led by Ryu Young Sang as its CEO. SK Biopharmaceuticals named SK Inc. head Lee Dong Hoon as its new chief replacing Cho Jeong Woo. meanwhile, SK Chemicals and SK Discovery traded their CEOs which means that Jeon Kwang Hyun will now take over SK Discovery while Ahn Jae Hyun moved to the chemical manufacturing unit.
