Son Young-sik Promoted to CEO of Shinsegae... "Led Record-Breaking Performance"

Maximizing Business Expertise in the Department Store Sector

Son Young-sik, President of Shinsegae.

[Asia Economy Reporter Lim Chun-han] Son Young-sik, CEO of Shinsegae who led the company's record-breaking performance this year, has been promoted to president.

Shinsegae Group conducted its regular executive appointments for 2022 on the 27th. This personnel reshuffle strictly applied the principle of rewarding merit and punishing failure through rigorous evaluation, focusing on strengthening core competencies, preparing for the future, and nurturing talent, implementing a strict meritocracy and performance-based personnel system.

In the department store division, to maximize business expertise by sector and accelerate innovation and growth, the CEO lineup was solidified while strengthening the recruitment of external talent and the professional organizational system. Additionally, capable next-generation leaders were advanced to key posts to enhance organizational capabilities and create a younger, more dynamic organization.

President Son joined Shinsegae Department Store in 1987 and built his career mainly in luxury merchandise planning (MD), serving as head of the merchandise division and fashion division. From December 2016, he served as CEO of Shinsegae DF for four years before stepping down as an advisor last year, but returned to lead the department store division again after about a year.

Shinsegae Group stated, “Through this personnel reshuffle, we have carefully selected and appointed the best candidates who can lead future growth and further strengthen core competencies. We will continue to relentlessly pursue challenging innovation as well as maintain a strict personnel policy based on meritocracy and performance-based principles.”

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