Kyochon F&B Appoints Yoon Jin-ho as CEO... Founder Kwon Won-gang Becomes Chairman of the Board

Chairman So Jin-se Maintains Position... Participates in Management Activities
Major Reorganization of '5 Division Heads and 1 Research Institute' Structure

Yoon Jin-ho, CEO of Kyochon F&B.

[Asia Economy Reporter Moon Hyewon] Kyochon F&B held a shareholders' meeting and board of directors meeting on the 30th, appointing President Yoon Jin-ho as the sole CEO and undertaking a major organizational restructuring.

CEO Yoon graduated with an MBA from the Wharton School at the University of Pennsylvania and gained extensive experience in consulting, strategy, and marketing through Boston Consulting Group, Aekyung, and SPC Group. CEO Yoon plans to focus on presenting the company's mid- to long-term vision and leading stable and sustainable growth.

The internal organization will be restructured into a '5 division heads, 1 research institute' system, appointing professional managers as heads of each business division. The strategy aims to strengthen the expertise and independence of each business division and enhance business competitiveness through faster responses to future environmental changes via responsibility management centered on professional managers.

Each business division consists of heads for General Affairs, SCM, Franchise Business, Digital Innovation, New Business, and the Food Science Research Institute. Under the General Affairs head, departments covering overall business planning and support such as Strategic Planning, Management Support, Compliance Management, External Cooperation, R&D, Marketing, and Design will be placed, with CEO Yoon serving as the General Affairs head.

Meanwhile, at the shareholders' meeting on the same day, Kyochon F&B appointed founder Kwon Won-kang as chairman of the board. Chairman Kwon returned as an inside director three years after stepping down from frontline management in 2019 when the company declared a professional management system. He is known to focus on coordinating opinions on major board matters without direct involvement in management. Chairman So Jin-se, whose CEO term expires at the end of this month, plans to maintain his position as chairman and continue participating in key management activities.

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