SK Corp., Jang Dong-hyun Promoted to Vice Chairman... Seven New Executives Appointed
Strengthening Stabilization of Investment-Focused Organizational Structure Centered on Four Core Businesses
[Asia Economy Reporter Hwang Yoon-joo] Jang Dong-hyun, President of SK Inc., has been promoted to Vice Chairman.
SK Inc. announced on the 2nd that it has carried out organizational restructuring and executive appointments for 2022, including the promotion of Jang Dong-hyun to Vice Chairman and CEO.
The core of this organizational restructuring is to stabilize the investment-specialized organizational structure centered on the four core businesses?Advanced Materials, Green, Digital, and Bio?established in 2021, and to enhance the specialized capabilities of each investment center to strengthen the execution power of the financial story.
First, President Jang Dong-hyun was promoted to Vice Chairman. President Jang has established SK Inc.'s identity as an investment-specialized company and has enhanced corporate value through various investments and global M&A centered on the four core businesses. Additionally, he has led the innovation of SK Inc.'s management system by actively promoting ESG (Environmental, Social, and Governance) management.
Meanwhile, SK Inc. plans to position the recently merged SK Materials holding division as 'SK Inc. Materials' within SK Inc. in the form of a CIC (Company in Company) to enhance synergy with SK Inc.'s Advanced Materials Investment Center. SK Inc. Materials will operate under a three-center system consisting of the Business Development Center, BM Innovation Center, and Global Tech Center.
Based on the results of the organizational restructuring conducted earlier this year to focus on the four core businesses, SK Inc. intends to continuously increase corporate value by significantly strengthening the expertise in each investment area.
As part of this, to proactively respond to changes and trends in the global investment environment and to enhance investment expertise in each business area, new 'Tech' and 'Global' teams were established within the Advanced Materials Investment Center and the Digital Investment Center, respectively. The Tech team is responsible for improving technological synergy among portfolios invested by the Advanced Materials Investment Center, while the Global team is in charge of discovering global investment opportunities and networking for the Digital Investment Center.
Seven executives were newly appointed through this personnel reshuffle: two each from the Advanced Materials Investment Center and the Digital Investment Center, and one each from the Bio Investment Center, the Finance Division, and SK REITs Management.
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An SK Inc. official stated, "As an investment-specialized company, SK Inc. will accelerate the execution of its financial story by establishing an optimal organizational structure and strengthening the specialized capabilities of each investment center, thereby concretizing the results of enhancing corporate value."
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