Meritz Fire & Marine Insurance, First Sales Specialist Executive from Planner Background Appointed

Park Heung-cheol, Mokpo Headquarters Chief, Appointed as Executive Director
From Entrepreneurial Headquarters Chief System to Executive Promotion

[Asia Economy Reporter Oh Hyung-gil] Meritz Fire & Marine Insurance announced on the 1st that Park Heung-cheol, Head of the Mokpo Headquarters, was promoted to an executive specializing in sales, becoming the first entrepreneur-type head to achieve this.

This is the first case in five years since the introduction of the entrepreneur-type head system where a sales contract worker in the form of a sole proprietor, not a regular employee, was promoted to an executive (assistant general manager).

Since his appointment as Head of the Mokpo Headquarters in December 2016, Head Park has been recognized for his outstanding performance in sales and recruiting, leading to his selection as an executive. Accordingly, Head Park will receive the same treatment as existing executives, including vehicle support, medical expenses and health checkups (including spouse), children's tuition, and support for CEO education programs, and will attend monthly management meetings with equal status as executives from other departments.

Meritz Fire & Marine Insurance introduced the entrepreneur-type head system to provide the best performance rewards and strengthen sales capabilities. Starting this year, the company has implemented a sales executive system that promotes heads who achieve certain sales performance standards to executives regardless of their background, gender, or age.

A Meritz Fire & Marine Insurance official said, "We have established a promotion system where even sales planners can become formal executives based solely on objective sales performance," adding, "Soon, 2 to 3 heads who originated from sales planners are expected to be promoted to executives."

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