Solus Advanced Materials Transitions to Dual CEO System with Jin Dae-je and Seo Gwang-byeok

[Asia Economy Reporter Suyeon Woo] Solus Advanced Materials has appointed former SK Hynix President Seo Gwang-byeok, who previously worked at Samsung Electronics, as its new CEO, transitioning to a dual CEO system with Jin Dae-je and Seo Gwang-byeok.

On the 26th, Solus Advanced Materials held its regular shareholders' meeting and board meeting, announcing the appointment of Seo as the new CEO. Lee Yoon-seok, who has led the company since the spin-off of Doosan Solus, the predecessor of Solus Advanced Materials, resigned due to personal reasons.

Seogwangbyeok Solus Advanced Materials New CEO

New CEO Seo graduated from Seoul National University in 1977 with a degree in Materials Engineering and earned his master's and doctoral degrees in Materials Engineering from the University of North Carolina. He is a semiconductor expert who served as Vice President of Samsung Electronics' Foundry Business Team and President of SK Hynix's Future Strategy and Technology Division.

A Solus Advanced Materials official stated, "Based on CEO Seo's successful know-how, we will steadily continue our growth acceleration strategy by promoting the intelligent and optimized production processes of materials. This year, as the PMI (post-merger integration) work concludes, we expect remarkable achievements across all business divisions including battery copper foil, copper foil, electronic materials, and bio, entering a phase of performance improvement."

Meanwhile, in December last year, following the completion of the transaction with Doosan Group, the private equity fund (PEF) management company Skylake Equity Partners became the new owner of Solus Advanced Materials through the establishment of 'Skylake Long-Term Strategic Investment.'

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