Joo Young-gyu Appointed as New CEO of Shell Korea

"Ulsan Floating Offshore Project
Concurrent CEO of 'Munmu Baram' Joint Venture"

[Asia Economy Reporter Moon Chaeseok] Global energy company Shell Korea announced on the 24th that it has promoted Vice President Ju Younggyu to the new CEO and President. The official term begins on the 28th.

Newly appointed CEO Ju has been leading the Ulsan floating offshore wind power project Munmu Baram, in which Shell participates as a shareholder, from the initial development stage. He was appointed CEO of the joint venture Munmu Baram Co., Ltd., established in September last year. He will concurrently serve as CEO of Shell Korea and Munmu Baram.

Ju, who joined Shell Korea in 2002, has handled various roles across the energy market over the past 20 years, including liquefied natural gas (LNG) marketing, new business development, and strategic planning. A Shell Korea official explained, "Before being appointed CEO of Munmu Baram, Ju led strategic sourcing for domestic shipyards and battery companies in the procurement team. He also led a standardization project in the safety field at Korean shipyards, contributing to the improvement of safety culture."

Ju stated, "Korea is entering an important transitional period toward carbon neutrality in line with the global trend of energy transition. I will fully utilize my experience and network in the Korean energy industry to collaborate with various Korean companies to contribute to achieving carbon neutrality goals, and through this, I will strive for Shell to grow together."

Before joining Shell Korea in 2002, Ju worked at Samsung C&T Corporation and earned a bachelor's degree in Business Administration from Seoul National University in 1993.

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