Posco Launches 'Management Structure Advancement TF' Amid 'Holding Company System Transition'

[Asia Economy Reporter Jeong Dong-hoon] POSCO announced on the 4th that it has launched a 'Management Structure Advancement Task Force (TF)' to transition to a holding company system.

The TF will transition to a holding company with the launch of POSCO Holdings on the 2nd of next month. The TF is composed of the ▲Management Strategy Team ▲Eco-friendly Future Materials Team ▲Future Technology Research Institute, focusing on functions that the holding company will centrally perform in the future, such as discovering new future businesses, business and investment management, leading ESG (Environmental, Social, and Governance) management, and research and development.

Jeon Jung-sun, Head of the Global Infrastructure Division, was appointed as the head of the Management Strategy Team within the TF; Yoo Byung-ok, Head of the Industrial Gas and Hydrogen Business Division, as the head of the Eco-friendly Future Materials Team; and Jeong Chang-hwa, Head of the New Growth Division, as the head of the Future Technology Research Institute.

POSCO stated, "We recognize the launch of the holding company as a crucial momentum for becoming a company for the next 100 years and will focus on a swift reorganization into a holding company system."

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