"Strengthening Future Growth Centered on Mid-Term Vision" CJ Group, 2023 Regular Executive Appointments

Quantum Jump 2023-2025: Early October Personnel Changes Implemented
CJ, "New Leadership Team Established to Discuss Mid-Term Vision Execution from Next Year"
44 New Management Leaders Promoted... Maintaining Young Talent Selection Policy

(From left) Kang Hoseong, Head of Management Support at CJ Corporation; Gu Changgeun, newly appointed CEO of CJ ENM Entertainment Division; Lee Seonjeong, newly appointed CEO of CJ Olive Young.

[Asia Economy Reporter Eunmo Koo] CJ Group announced on the 24th that it has carried out an early executive personnel reshuffle with the intention of strengthening future growth initiatives centered on its mid-term vision.

CJ stated, "The year 2023, expected to see an economic downturn and increased global uncertainties, is a critical period that will determine the group's future leap forward," adding, "The timing of the personnel reshuffle was advanced with the intention that those who will work from next year onward should lead future growth centered on the mid-term vision."

In November last year, CJ announced its 2021-2023 mid-term vision focused on four growth pillars: C.P.W.S. (Content, Platform, Wellness, Sustainability). At that time, CJ Group Chairman Lee Jae-hyun emphasized innovative growth for becoming a future lifestyle company and the importance of top talent, strongly calling for fundamental innovation in organizational culture.

CJ plans to begin preparations for executing the new mid-term vision strategy for 2023-2025 immediately after the executive personnel reshuffle. In this reshuffle, most affiliate CEOs were retained to ensure the swift execution of the mid-term vision.

To strengthen the group's overall external environment response capabilities, CJ established a new position of Head of Management Support at the holding company and appointed Kang Ho-sung, CEO of CJ ENM Entertainment Division. Accordingly, CJ Corporation will transition to a dual CEO system, with the existing CEO Kim Hong-gi serving as the management CEO and the newly appointed Kang Ho-sung serving as the management support CEO focusing on external cooperation.

Gu Chang-geun, CEO of CJ Olive Young, has been nominated as the new CEO of CJ ENM Entertainment Division. CEO Gu has proven his management capabilities through his roles as Head of Strategy Office 1 at the holding company and CEO of CJ Foodville and CJ Olive Young. Lee Sun-jung, who was head of the sales division, has been promoted internally to succeed as the new CEO of CJ Olive Young. Born in 1977, Lee is the youngest CEO within the group and the first female CEO of Olive Young.

A total of 44 new executives have been appointed to lead CJ Group's future growth. The average age of the new executives is 45.5 years, continuing the trend of selecting capable young talent. A CJ official explained, "This personnel reshuffle strengthens the selection of entrepreneurs and strategists who will drive innovative growth centered on the mid-term vision and foster top talent for the group's future."

Meanwhile, CJ is actively pursuing the early selection of capable internal talent as well as the recruitment of top talent with outstanding experience from leading global companies. Recently, Jung Woo-sung, former Chief Growth Officer (CGO) of Fox Media, was recruited as CJ ENM's Global CGO, and around the same time, Dr. Gong Seung-hyun from global data analytics firm SAS joined CJ Logistics as head of optimization solutions. Earlier in March, Lee Chi-hoon, a machine learning expert from Meta (formerly Facebook), was appointed head of CJ's Artificial Intelligence (AI) Center.

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