Shinsegae Group Department Store Division Executive Appointments... Keywords: 'Change, Innovation, Future Preparation, Talent Development'

About 20% of All Executives in the Department Store Division Retire
Over 70% of Head Office-Level Executives Replaced

[Asia Economy Reporter Seungjin Lee] Shinsegae Group implemented executive personnel changes in its department store division as of the 1st.

Through this personnel reshuffle, the major direction for future personnel management in the department store division has been clearly set as "bold change and innovation, future readiness, and talent development," and full-scale transformation efforts have begun according to the internal change roadmap.

First, the total number of executives in the department store division was reduced, with about 20% of all executives retiring. In particular, more than 70% of the head-level executives were replaced, bringing significant changes throughout the organization.

Additionally, stricter evaluations than ever before were applied to all executives, reinforcing the principle of rewarding merit and punishing faults. Separate from promotions, talents were reassigned to appropriate positions to foster new organizational changes, while actively promoting talent development.

This approach is not limited to this personnel change but will be further strengthened in line with the future direction of the department store division, leading to continuous transformation and generational change.

In this personnel announcement, Vice Chairman Yoo Sin-yeol, head of Shinsegae’s sales headquarters, was appointed as CEO of Shinsegae DF Co., Ltd. Moon Sung-wook, CEO of Shinsegae Tomboy, was concurrently appointed as CEO of the newly established corporation Signite Partners Co., Ltd., which is pursuing a CVC (venture capital) business.

Also, Jung Eui-cheol, executive director in charge of support and development at Shinsegae Simon Co., Ltd., was promoted to senior executive director.

Below is the list of executive personnel changes in Shinsegae Group’s department store division.

◆ CEO Appointments

Yoo Sin-yeol, CEO of Shinsegae DF

Moon Sung-wook, CEO of Signite Partners and concurrently CEO of Shinsegae Tomboy

◆ Promotions

◇ Senior Executive Director Promotions

Jung Eui-cheol, in charge of support and development at Shinsegae Simon

◇ Executive Director Promotions

Kwon Sang-geun, in charge of new development at Shinsegae

Choi Moon-yeol, in charge of fashion at Shinsegae

Chae Jeong-won, store manager of Shinsegae Times Square

Man Sung-won, in charge of online at Shinsegae DF

Moon Hyun-gyu, store manager of Shinsegae DF main store

Kim Jeong-woon, in charge of F&B at Shinsegae Central City

◇ Deputy Executive Director Promotions

Yoon Seok-hee, in charge of MD strategy at Shinsegae

Ahn Seong-ho, in charge of design at Shinsegae (professional executive)

Jang Hye-jin, in charge of BC at Shinsegae International

Park Ji-yoon, in charge of leasing at Shinsegae Simon

Yoon Hong-rip, in charge of planning at Signite Partners

◆ New Hires

Lee Yoo-seok, Executive Director in charge of finance and management at Shinsegae DF

◆ Changes in Executive Assignments

◇ Shinsegae

Im Hoon, Vice President Candidate, from Gangnam Store Manager → Head of Sales Headquarters and concurrently Gangnam Store Manager

Kim Deok-joo, Executive Director, from BTS in charge → Luxury Fashion in charge

Park Soon-min, Executive Director, from Times Square Store Manager → Gyeonggi Store Manager

Ryu Je-hee, Executive Director, from HR in charge → Head of Support Headquarters at Shinsegae International and concurrently HR in charge

Kim Jeong-hwan, Deputy Executive Director, from Factory in charge → New Retail in charge

Seo Jeong-mo, Deputy Executive Director, from Strategy Office Planning Team Leader → Shinsegae Planning in charge

◇ Shinsegae International

Baek Gwan-geun, Senior Executive Director, from Head of Domestic Fashion Headquarters → Shinsegae Daegu Store Manager

Kim Myo-soon, Senior Executive Director, from Head of Global Cosmetic Headquarters and concurrently Head of Global Brand Business Division and Head of VDL Business Division → Head of Global Cosmetic Headquarters and concurrently Head of Global Cosmetic 1 Business Division and Head of Global Cosmetic 3 Business Division

Shim Han-seok, Executive Director, from PL Business Division Head → Domestic Fashion Division 1 Business Division Head

Jo In-young, Executive Director, from JAJU Business Division Head → Shinsegae Lifestyle in charge

Yang Ho-jin, Executive Director, from Overseas Fashion Division 1 Business Division Head → Head of Sales Headquarters at Shinsegae DF and concurrently in charge of Strategic Sales

Choi Kyung-won, Deputy Executive Director, from Fashion Business Division Head → Domestic Fashion Division 2 Business Division Head

◇ Signite Partners

Lim Seung-bae, Senior Executive Director → in charge of operations at Signite Partners

◇ Shinsegae DF

Suh Won-sik, Vice President Candidate, Head of Support Headquarters → Head of Support Headquarters at Shinsegae

Hong Seok-ho, Executive Director, in charge of MD → MD1 in charge

Min Byung-do, Executive Director, in charge of logistics → MD2 in charge and concurrently logistics in charge

◇ Shinsegae Central City

Lee Jeong-cheol, Executive Director, in charge of development → Head of Development and Support Headquarters and concurrently in charge of development

Hong Soon-sang, Executive Director, Head of Department Store Division Support Team → in charge of support at Shinsegae Central City

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