Celltrion Enters Second-Generation System... Chairman Seo Jung-jin Appoints Eldest and Second Sons as Inside Directors

On the 26th General Meeting, Vice President Seojin Seok appointed as an Inside Director of Celltrion
'Second son' Seojun Seok also appointed as an Inside Director of Celltrion Healthcare

[Asia Economy Reporter Kim Ji-hee] Celltrion Group has entered its second-generation leadership.

On the 26th, Celltrion held its regular shareholders' meeting at Songdo Convensia in Incheon and appointed Seo Jin-seok (37), the eldest son of Honorary Chairman Seo Jung-jin of Celltrion Group and Senior Vice President of Celltrion, as an inside director. The term is three years. Vice President Seo is working as the head of Celltrion's Product Development Division. The opposition and abstention votes on the agenda were 7.1%, and approval was 92.9%.

Ki Woo-sung, CEO of Celltrion, said, "The more expert groups involved in investment activities, the healthier and more transparent the company operates," adding, "We considered it appropriate to recommend an inside director to ensure timely investment aligned with Honorary Chairman Seo's retirement."

Seo Jun-seok (34), the second son of Honorary Chairman Seo and a director of Celltrion, was also appointed as an inside director at the Celltrion Healthcare shareholders' meeting on the same day. With the eldest and second sons of Honorary Chairman Seo joining the boards of the ‘Celltrion 3 siblings’?Celltrion, Celltrion Healthcare, and Celltrion Pharm?the merger of the three companies is expected to accelerate within the year.

Through this shareholders' meeting, Celltrion has accelerated the separation of management and ownership. After Honorary Chairman Seo stepped down from the chairman position at the end of last year, Celltrion Group transitioned to a professional management system led by Ki Woo-sung, Vice Chairman of Celltrion Group, and Kim Hyung-gi, CEO of Celltrion Healthcare.

Meanwhile, Celltrion added ‘the possibility of manufacturing and selling cosmetics and health functional foods’ to its articles of incorporation's business objectives on the same day. Regarding concerns about overlapping business with its cosmetics affiliate Celltrion Skincure, Celltrion explained, "While cosmetics and health functional foods are mainly handled by Celltrion Skincure, Celltrion is also preemptively including this because byproducts of enzymes can be used in cosmetics and other products."

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