Appointment of Six Executives at Aekyung Group... Lee Seok-joo Appointed as CEO of AK Holdings
[Asia Economy Reporter Jo Yoo-jin] AK Group announced its executive appointments for the first half of the year, including the appointment of President Lee Seok-joo as the head of its holding company, AK Holdings.
The group carried out executive appointments for five companies including AK Holdings, Jeju Air, Aekyung Industrial, Aekyung Petrochemical, and Aekyung Chemical, appointing five CEOs and the Chief Financial Officer (CFO) of Aekyung Petrochemical effective June 1.
Jeju Air CEO Lee Seok-joo was appointed as President and CEO of AK Holdings. Lim Jae-young, CEO of Aekyung Petrochemical, became Vice President and CEO of Aekyung Industrial; Park Heung-sik, CEO of Aekyung Chemical, was appointed Vice President and CEO of Aekyung Petrochemical; Pyo Kyung-won, Executive Director of Aekyung Petrochemical, moved to Executive Director of Aekyung Chemical; and Kim Ju-dam, Managing Director of Aekyung Chemical, was appointed CFO of Aekyung Petrochemical.
As an external recruitment, Kim Yi-bae, an aviation expert from Asiana Airlines and Vice President, was brought in as CEO of Jeju Air to lay the foundation for overcoming the crisis and future growth of Jeju Air.
This executive appointment involves a total of six people: five CEOs and one CFO.
Regarding the executive appointments made in May, AK Group explained that it was "a proactive measure to respond to the post-COVID era," adding that it aims "to actively cope with uncertain internal and external management environments and to activate a crisis management system centered on Jeju Air and Aekyung Industrial, the group's key affiliates."
To overcome the crisis in the aviation business, Kim Yi-bae, an aviation expert from Asiana, was unexpectedly appointed as CEO of Jeju Air. Lim Jae-young, current CEO of Aekyung Petrochemical, was appointed CEO of Aekyung Industrial to lead the full-scale expansion of global business based on stable product competitiveness.
In particular, current Jeju Air CEO Lee Seok-joo was appointed as President and CEO of AK Holdings, the holding company of AK Group, to further strengthen cooperation between the group and Jeju Air, overcome the current crisis in the aviation business, and achieve business innovation at Jeju Air.
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Meanwhile, Park Heung-sik, CEO of Aekyung Petrochemical, and Pyo Kyung-won, CEO of Aekyung Chemical, will focus all efforts on fundamentally strengthening competitiveness for the globalization of the chemical business based on their knowledge and experience in the global chemical industry.
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