E-Land Conducts Regular Executive Personnel Changes... 'Group's First 30s Executive Director Promotion' and 4 Others (Comprehensive)

by Jo Youjin

Published 02 Jan.2020 10:21(KST)

[Asia Economy Reporter Yujin Cho] E-Land announced on the 2nd that it has carried out regular executive appointments, including the promotion of four executives, with the first-ever promotion of executives in their 30s within the group.

E-Land explained that this regular executive appointment reflects the group's intention to accelerate innovation by placing young talents and outstanding professionals from its affiliates at the forefront.

An E-Land official said, "This marks the beginning of a generational shift by putting young, emotionally attuned managers who can communicate openly with customers and employees at the forefront," adding, "This year as well, we will firmly establish an open management culture that breaks seniority and glass ceilings, focusing on discovering talents with expertise to enrich the group's content."

At the beginning of last year, E-Land promoted Yoon Sung-dae and Kim Wan-sik, who became CEOs of affiliates in their 30s, to deputy general managers. The group's first-ever executives in their 30s demonstrate a strictly performance-oriented personnel system and serve as a foundation for generational change preparing for the next 40 years, according to the group.

Yoon Sung-dae, CEO of E-Land Park, which is in charge of the group's hotel and resort business, is 38 years old this year. While serving as E-Land Park's Chief Financial Officer (CFO), he was recognized for establishing a stable financial structure and successfully raising 100 billion KRW in funds to separate the food service division.

Kim Wan-sik, CEO of E-Land Eats, which was newly established this year by separating the food service division from E-Land Park, is 36 years old this year. Despite the market situation where the food service industry experienced a significant decline last year, he improved operating profit by more than 15 billion KRW, achieving a turnaround to profitability.

Through this personnel appointment, E-Land promoted An Sung-jin, head of the product development division at E-Land Eats, to deputy general manager, adding a new executive, and promoted Lee Yoon-joo, group CFO and general manager, to executive director.

Newly joining the group’s executive team, Deputy General Manager An Sung-jin was recognized for achievements on the front lines. Deputy General Manager An played a key role in significantly growing Ashley, E-Land Eats’ flagship buffet brand, by overseeing menu development and creating over 1,000 menu items, and led store growth by developing around 200 new menu items for the newly renewed Ashley Queens.

Executive Director Lee Yoon-joo was acknowledged for successfully leading the improvement of the group’s overall financial structure and restoring market trust. With her promotion, the proportion of female executives at the executive director level or higher within the group rose to 42%.

The group explained, "As the proportion of female senior executives approaches that of males, we have established a healthy, performance-oriented organizational culture without glass ceilings."

E-Land Group maintains a significantly high level of female representation, with women making up 30% of employees at the manager level or above and 29% of all executives, compared to 2-3% at other major companies. This is attributed to the organization’s culture of freely selecting and nurturing female talent since its founding.

▲ Executive Director

Lee Yoon-joo, Chief Financial Officer, E-Land World