SK Hynix Appoints President in His 40s for the First Time

No Jong-won Promoted to Vice President of Management Support
Executive Appointments and Organizational Restructuring Including Kwak No-jeong's Promotion to President and Vice President of Manufacturing and Technology

No Jong-won, the new president of SK Hynix [Photo by SK Hynix]

[Asia Economy Reporter Kim Heung-soon] SK Hynix has appointed a president in his 40s.

On the 2nd, SK Hynix announced an executive personnel appointment and organizational restructuring plan, promoting Kwak No-jeong (56), Vice President in charge of Manufacturing and Technology, and Noh Jong-won (46), Vice President in charge of Management Support, to presidents respectively.

Among them, the newly appointed President Noh, born in 1975, was selected as a president in his 40s, tying the record for the youngest president since Chairman Chey Tae-won's inauguration, following Choo Hyung-wook (47), who was promoted to president of SK E&S last year within SK Group. He graduated from the Department of Physics at the Korea Advanced Institute of Science and Technology (KAIST), attended the Graduate School of Technology Policy at Seoul National University, and joined SK Telecom in 2003. He played a key role in numerous mergers and acquisitions (M&A), including SK Group's acquisition of Hynix. Since 2018, he has been with SK Hynix, serving as head of Future Strategy and Management Support. He was promoted to president five years after becoming an executive in 2016.

The newly appointed President Kwak, born in 1965, holds a Ph.D. in Materials Engineering from Korea University and has been in charge of Manufacturing and Technology at SK Hynix since 2019. He was promoted to president two years after becoming vice president. He joined the process technology department of Hyundai Electronics, the predecessor of SK Hynix, in 1994 and has worked extensively in research and development (R&D) and production sites.

Gwak Nojeong, New President of SK Hynix
[Photo by SK Hynix]

Through this organizational restructuring, SK Hynix established the 'Safety Development and Manufacturing Division' and the 'Business Division' under the Chief Executive Officer (CEO). The existing Development and Manufacturing Division's role was expanded to Safety Development and Manufacturing Division to strengthen responsibility and authority over company-wide safety and health. President Kwak will be in charge of the Safety Development and Manufacturing Division. President Noh will lead the Business Division, driving global business as well as future growth strategies and execution.

Meanwhile, SK Hynix has newly created the 'Americas Business' organization to implement the 'Inside America' strategy going forward. CEO Lee Seok-hee will concurrently serve as the head of this organization. Under the Americas Business, the 'Americas R&D' organization will also be newly established. SK Hynix stated that through the newly established Americas organization, it plans to strengthen the global competitiveness of its NAND flash business and build partnerships with leading ICT companies worldwide.

Additionally, SK Hynix has established the 'Corporate Culture Upgrade Task Force (TF),' involving top executives from each division, to communicate with employees and build a working culture suitable for a global leading technology company. President Kwak will lead this organization.

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