Shinsegae Appoints Son Young-sik as CEO... Leadership Changes in Five Departments of Department Store Division

Son Young-sik, the new CEO of Shinsegae.

[Asia Economy Reporter Yuri Kim] Son Young-sik, former CEO of Shinsegae DF, has been appointed as the CEO of Shinsegae. The existing CEO of Shinsegae, Cha Jeong-ho, has moved to the department store division.

Shinsegae Group announced on the 1st that it has carried out the regular executive appointments for 2022. Shinsegae International appointed Lee Gil-han, CEO of the cosmetics division, to also oversee the fashion division, naming him as the overall CEO, and Choi Moon-seok, an e-commerce expert, was recruited externally and appointed as the CEO of Shinsegae Casa. As a result, the heads of five organizations including the department store division of Shinsegae, Shinsegae International, Shinsegae Casa, the department store division, and Mindmark, which appointed a new CEO in July, have been replaced.

Regarding this large-scale executive reshuffle, Shinsegae Group stated that it "focused on preparing for the future, strengthening core competencies, and nurturing talent, implementing a thorough meritocracy and competency-based personnel system." By advancing the appointments to early October, earlier than usual, they aimed to revitalize the organizational atmosphere, which could easily become lax due to the prolonged COVID-19 pandemic, and also to enable early initiation of next year's strategic preparations.

Shinsegae Group emphasized that it has ensured preparations for the online era and strengthened the discovery of future new businesses across all business sectors. The company explained, "While recruiting external experts from various fields, we also selected talented internal personnel to firmly establish a talent base for the future."

The Emart division also actively recruited excellent external talent from various fields this year.

Shinsegae's Lim Hoon and Shinsegae Construction's Jeong Doo-young were promoted to vice presidents, and Shinsegae's Kim Nak-hyun, Jo In-young, Shinsegae DF's Yang Ho-jin, Shinsegae Central City's Lee Jung-chul, Emart's Choi Taek-won, Shinsegae Construction's Min Il-man, Chosun Hotel & Resort's Jo Hyung-hak, Shinsegae Property's Jeon Sang-jin, Lee Hyung-cheon, Strategy Office's Woo Jung-seop, and Kim Sun-ho were each promoted to executive directors.

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