Song Chi-ho, President of LX Holdings, Resigns for Personal Reasons After 10 Months
[Asia Economy Reporter Moon Chaeseok] Song Chi-ho, who has served as co-CEO alongside Chairman Koo Bon-jun since the launch of LX Holdings, is stepping down.
On the 2nd, LX Holdings announced that Song is resigning from his CEO position due to personal reasons.
Song joined Lucky-Goldstar Trading Corporation, the predecessor of LX International (formerly LG Sangsa), in 1984 and served as president of LG Sangsa in 2016. After retiring in 2018, he served as an advisor to LG Sangsa before joining LX Holdings as CEO last May when LX separated from the LG Group.
Following Song’s departure, LX Holdings disclosed that Noh Jin-seo, Chief Strategy Officer (CSO) and Vice President, will be appointed as a new inside director at the shareholders' meeting on the 29th. A company official stated, "It is currently undecided whether Vice President Noh will serve as co-CEO alongside Chairman Koo Bon-jun."
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Meanwhile, LX Holdings plans to add financial services to its business objectives at this shareholders' meeting to promote new business initiatives.
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