Hanwha Solutions Officially Launched... Operating Under Dual CEO System
[Asia Economy Reporter Hwang Yoon-joo] Hanwha Chemical announced on the 2nd that it held an extraordinary general meeting of shareholders at the Sejong Hotel in Jung-gu, Seoul, where it approved amendments to the articles of incorporation including a company name change and the appointment of new inside directors.
The new company name, Hanwha Solutions, signifies the intention to offer solutions across various fields through business integration amid increasing internal and external uncertainties.
At the shareholders' meeting, the appointment of two new inside directors was also approved: Kim Hee-chul, CEO of the Q CELLS division at Hanwha Q CELLS & Advanced Materials, and Ryu Doo-hyung, CEO of the Advanced Materials division.
Accordingly, Hanwha Solutions will operate under a three-CEO system with each division led by its own CEO: Chemical division CEO Lee Gu-young, Q CELLS division CEO Kim Hee-chul, and Advanced Materials division CEO Ryu Doo-hyung.
A Hanwha Solutions official stated, "The multiple CEO system is intended to strengthen business competitiveness through swift decision-making in each division."
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Meanwhile, on the 1st, Hanwha Chemical merged its wholly owned subsidiary Hanwha Q CELLS & Advanced Materials.
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