SK Group Executive Personnel Changes Announced: Park Jung-ho and Yoo Jung-joon Promoted to Vice Chairman

[Asia Economy Reporter So-yeon Park] SK Group has carried out executive appointments and organizational restructuring for 2021.

On the morning of the 3rd, SK Group held the SUPEX Council meeting and finalized the executive appointments and organizational restructuring matters decided through the boards of directors of each affiliate. SK Group explained, "Each company focused on actively promoting the so-called financial story, which is based on ESG (Environment, Social, Governance) management, presenting future visions and growth strategies to stakeholders such as customers, investors, and markets, and building trust and empathy."

The financial story, which has been intensely discussed throughout this year, will be fully implemented by each company starting next year. To accelerate this, executive appointments including the promotion of two vice chairmen and other president-level executives were made. First, Park Jung-ho, President of SK Telecom, will concurrently serve as Vice Chairman of SK Hynix. The synergy between Park Jung-ho, an ICT expert, and Lee Seok-hee, President of SK Hynix and a semiconductor expert from Intel, is drawing attention.

Next, Yoo Jung-joon, President of SK E&S, was promoted to Vice Chairman. Vice Chairman Yoo will lead the global expansion of growth businesses such as renewable energy and energy solutions based on his extensive industry experience and global sensibility. Additionally, SK E&S announced the appointment of Choo Hyung-wook, Head of Investment Center 1 at SK Inc., as President. Born in 1974, the newly appointed President Choo is known to have significantly contributed to the expansion of materials and energy businesses and is expected to serve as co-CEO of SK E&S alongside Vice Chairman Yoo. President Choo's promotion to president came just three years after being appointed as an executive, reflecting SK's personnel philosophy that values ability and performance over seniority. For reference, SK Group innovated its executive management system last year by abolishing executive ranks such as managing director and senior managing director.

Finally, Yeom Yong-seop, Director of SK Management & Economic Research Institute, was promoted to President. Since 2017, President Yeom has led the Management & Economic Research Institute and is credited with laying the foundation for SK's recent changes such as happiness management and deep change. He is expected to continue playing a role in suggesting directions for the company, including ESG, and discovering tasks.

Meanwhile, there are changes in the SUPEX Council, a consultative body composed of CEOs of affiliates. First, to enhance governance transparency and accelerate board-centered management of affiliates, a Governance Committee was newly established. Additionally, the existing Energy & Chemical Committee was abolished and replaced with an Environmental Business Committee to actively address environmental agendas, which have become a social issue. Furthermore, Bio Subcommittee, AI Subcommittee, and DT Subcommittee will operate under related committees. Through these changes, SK plans to lead ESG issues such as environment and governance to fulfill social responsibility while accelerating the development of future growth engines such as bio, AI, and DT.

Yoon Jin-won, President in charge of the SUPEX Council's Autonomous & Responsible Management Support Group and Legal Support Team, was appointed Chairman of the newly established Governance Committee. Kim Joon, President of SK Innovation, was appointed Chairman of the Environmental Business Committee, and Vice Chairman Park Jung-ho was appointed Chairman of the ICT Committee.

Through this personnel reshuffle, a total of 107 promotions were announced, including 103 new appointments and 4 promotions to vice chairman and president. Considering the management environment affected by COVID-19, the scale of new appointments slightly decreased compared to previous years, but capable talents were boldly selected for new growth businesses such as bio, materials, and batteries.

The trend of selecting female talents was also maintained. With 7 new female appointments as in previous years, the total number of female executives in the group will increase to 34. SK Group stated that it plans to systematically nurture young and talented female executive candidates who can grow into executives at an early stage.

An SK Group official said, "This year was a year of greater management uncertainty than ever due to COVID-19, but it was a good opportunity to strengthen the foundation for growth," adding, "Although the management environment will not be easy next year, we expect this personnel reshuffle to serve as a stepping stone for a further leap forward by fully implementing the financial story we have prepared."

He continued, "SK Group will continue to do its best to fulfill corporate social responsibility and grow sustainably as a global company that sets a worldwide example in ESG."

◇ New Appointments

Kwon Hyung-gyun Executive of Hydrogen Business Promotion Team and Green Investment Center

Park Dong-joo Head of M&A Support Office

Park Yong-woo Executive of Bio Investment Center

Choi Dong-wook Executive of Advanced Materials Investment Center

Choi Jong-gil Executive of Bio Investment Center

Kim Jin-hee Head of Hi-Tech Digital1 Group

Park Jun Head of Platform Development Group

Seo Hwa-sung Happiness Promotion Officer

Yeo Sang-hoon Digital Process Innovation Officer

Lee Geum-joo Head of CV Digital Group

Lee Seok-jin Head of Platform GTM Group

◇ New Appointments

Nam Wan-ho Head of Corporate Culture Headquarters

Shin Hae-in Head of Business Development Headquarters

Heo Jun Head of Strategy Headquarters

Hwang Sun-kwan Head of R&D Innovation Headquarters

◇ New Appointments

Kim Kyung-jun Head of E&P Portfolio Innovation Office

Kim Dae-gu Head of Legal Office

Park Ki-soo Head of Cell Development 2 Office

Jung In-nam Head of Battery Corporate Culture Office

Choi Sung-guk Head of Battery Operation Optimization Office

◇ New Appointments

Choi Chang-hyo Head of Oil Plant 2

Hwang Seon-gi Head of Reliability Office

Hwang Seon-jae Head of Instrumentation & Electrical Office

◇ New Appointments

Kim Geon-yong Head of Polymer Plant

Kim Seung-gyun Head of Olefin Plant

Yeo Jong-ho Executive of Green Biz Promotion Group

◇ New Appointments

Lee Sang-min Executive of Green Growth Project Group

◇ New Appointments

Oh Taek-seung Head of Management Support Office

Yoo Young-gap Head of Materials Production Technology Office

Lee Jong-seop Head of LiBS Business Division

◇ New Appointments

Kwon Young-sang Head of Policy Cooperation Office

Kim Byung-moo Head of SK Infosec Growth Business Headquarters

Kim Tae-wan Head of Strategic Partnership

Park Seung-jin Head of SK Broadband Service Innovation Group

Ahn Jung-eun Head of 11st Portal Planning Group

Lee Kwan-woo Head of Cloud Application Group

Lee Kyu-sik Head of Competency Group

Lee Jae-hwan Head of T map Mobility Co. Mobility Strategy Group

Choi So-jung Head of Subscription Media

Hong Seung-tae Head of RPA Promotion

◇ Vice Chairman Promotion

Park Jung-ho

◇ New Appointments

Kim Dong-gyu

Kim Man-seop

Kim Woon-yong

Kim Jun-han

Park Byung-chae

Park Cheol-beom

Song Chang-seok

Yang Hyung-mo

Oh Tae-kyung

Lee Sang-yeop

Lee Woong-seon

Lee Jung-seok

Lee Chang-soo

Lee Tae-hak

Lee Hong-deok

Jang Ji-eun

Jung Chang-gyo

Choi Sang-hoon

Choi Jin-woo

Han Sang-shin

Heo Hwang

◇ Vice Chairman Promotion

Yoo Jung-joon

◇ President Promotion

Choo Hyung-wook

◇ New Appointments

Kim Kyung-tae Head of E-TF Business

Ryu Sung-seon CEO of Narae ES (O&M)

Park Jae-deok Head of Renewables Group

Yoon Jung-won Head of R-Project Group

Lee Jae-won Head of Power Business Operations Headquarters

Jang Jae-won Head of Talent Development Headquarters

◇ New Appointments

Kim Sun-hyuk Head of BM Innovation Promotion Office

Park In-guk CEO of SKC Jiangsu

Park Jin-woo Head of Financial Support Office

Kim Ki-tae Head of SK Nexilis Business Support Office

Lee Hyun-woo Head of SK Nexilis Global Expansion Promotion Office

Kim Won-hee Head of SK Picglobal Business Support Office

◇ New Appointments

Kim Jin-sik Head of SK Rent-a-Car EV Business Division

Lee Won-hee Head of SK Magic Product Strategy Office

Jung Woo-sun Head of Planning Office

◇ New Appointments

Kim Kyung-soo Head of Sales 1 Office

Baek Ki-hyung Head of Management Planning Office

Song Young-min Head of EPI Technology Office

Oh Se-yeol Head of Wafering Development Office

Lee Jae-yong Head of Happiness Strategy Office

Choi Il-soo Head of Growing Development Office

◇ New Appointments

Ko Sang-hyun Head of Strategic Planning Group

Kwon Ji-hoon PD of Eco Infrastructure Project

Kim Dae-sung Head of Eco Engineering Solutions Group

Ryu Sung-pil Head of Eco Business Innovation Group

Oh Dong-ho Head of Semiconductor Business Group

Lee Joo-hyung Head of Happiness Design Group

Lim In-mook Head of Hydrogen Business Promotion Team Tech Group

Jang Hyo-sik Head of Eco Infrastructure OXG

Han Young-ho Head of HR Group

◇ New Appointments

Park Jong-bok Head of SHE Management Office

Lee Kang-yoon Head of Management Support Office

Jang Moon-hyuk Head of Financial Management Office

Choi Young-sang Head of SK Airgas Project & Technology Office

◇ New Appointments

Nam Ki-jung Head of Management Support Office

◇ New Appointments

Kim Eung-soo Head of Copolyester Business Division

◇ New Appointments

Baek Hum-jung Head of Terminal Business

Han Myung-seop Head of TSP

◇ New Appointments

Kwon Hye-jo Executive of New Business Team

Kim Ji-hoon Executive of Future Business Team

Jung Yoon-sik Executive of Strategy Support Team

◇ President Promotion

Yeom Yong-seop Director of SK Management & Economic Research Institute and mySUNI CIO

◇ New Appointments

Kim Jung-tae Head of SK Academy Learning Center and Leader of Leadership College

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