"Still Have Much to Learn"... LS Family's First 3rd Generation CEO Koo Bon-hyuk Resigns Voluntarily After Ten Days

[Asia Economy Reporter Ki-min Lee] Gu Bon-hyeok, Vice President of Yesco Holdings and the first third-generation CEO of the LS family (aged 43), stepped down from his CEO position just ten days after his appointment. It is reported that Vice President Gu made this decision himself, believing that he needed more management training.

According to the Financial Supervisory Service's electronic disclosure system on the 23rd, Yesco Holdings announced on the 22nd that the CEO had changed from Vice President Gu to Chairman Gu Ja-cheol of Yesco Holdings (aged 64) on the 10th of this month. This change came only nine days after it was announced that the CEO had changed from Chairman Gu to Vice President Gu.

Vice President Gu joined LS Cable & System in 2003 and worked in the LS Corporation's management planning team, later serving as head of the LS Nikko Copper Smelting business division. He gained recognition for his management skills by leading contracts for the import of copper ore with mining companies in Canada and Australia.

When he was appointed CEO at the end of last year, Vice President Gu reportedly visited his uncle, Chairman Gu, and expressed his intention to resign, stating that he still needed more management training and requested that Chairman Gu serve as CEO for one year.

Vice President Gu will serve as head of Yesco Holdings' Future Business Division and receive management training for one year by discovering new business opportunities. An LS official said, "It seems Vice President Gu needed time not only to consider new businesses for Yesco Holdings but also for its affiliates over the course of a year."

Chairman Gu initially intended to entrust overall management to Vice President Gu but accepted his nephew's decision to resign.

Yesco Holdings is a holding company with affiliates such as Yesco, which supplies city gas in the eastern Seoul area and regions like Guri and Namyangju in Gyeonggi Province, and Hansung Co., Ltd., a wood processing company.

This content was produced with the assistance of AI translation services.