Kolon Group Strengthens '4th Generation' Lee Gyu-ho Regime... Complete Replacement of Affiliate CEOs

2023 Regular Executive Appointments
Kolon Industries Appoints Kim Young-beom as CEO
Kolon Mobility Group Launched Integrating Imported Car Division

Kyooho Lee, President and CEO of Kolon Mobility Group

[Asia Economy Reporter Oh Hyung-gil] Kolon Group has strengthened the leadership of Lee Gyu-ho, the eldest son of Kolon Honorary Chairman Lee Woong-yeol and the fourth generation.

On the 7th, Kolon Group conducted a regular executive reshuffle, promoting Vice Presidents Lee, who has led Kolon Global's automotive division, and Jeon Cheol-won, head of the BMW division, to Presidents. They have been appointed as co-CEOs of the newly established Kolon Mobility Group, which will launch in January next year.

The group explained that it conducted early executive appointments for 55 people to accelerate future growth strategies amid rapidly changing management environments.

The newly appointed President Lee led Kolon Global's automotive division for two years, driving record-breaking performance through expanding the business portfolio under the strategy of "embedding a No.1 DNA through bold structural reform."

He is also recognized for laying the foundation for a performance rebound as Chief Operating Officer (COO) of Kolon Industry FnC division by building an online platform and establishing brand value in response to new trend changes.

CEO Lee plans to focus on establishing future growth strategies for Kolon Mobility Group, discovering new businesses, building digital transformation, and strengthening financial capabilities.

Jeon, who started as a car salesperson and rose to President, was promoted to President just one year after being promoted to Vice President, recognized for his long experience and achievements leading the BMW division. He will solidify the sales foundation of the new corporation within Kolon Mobility Group, including sales and after-sales service network management.

Youngbeom Kim, President and CEO of Kolon Industries

Additionally, Kolon Group has appointed Kim Young-beom, CEO of Kolon Glotech, as President and CEO of Kolon Industry and completely replaced the CEOs of Kolon Glotech and Kolon Plastic. The focus was on structural reform, innovation, and promoting and discovering future new businesses.

Vice President Bang Min-su of Kolon Plastic has been appointed as CEO of Kolon Glotech, Vice President Heo Seong of Kolon Industry as CEO of Kolon Plastic, and Vice President Kang Yi-gu of Kolon Industry as CEO of Kolon Benit.

CEO Kim Young-beom was selected as the right person to lead growth in the manufacturing sector based on his experience and management skills accumulated as head of business management at the holding company Kolon Corporation and as CEO of Kolon Plastic and Kolon Glotech.

CEO Bang has actively developed lightweight vehicle materials such as engineering plastics at Kolon Plastic and has been recognized for leading high growth through business structural reform and securing competitiveness.

CEO Heo, who joined the group last year after working at chemical companies AkzoNobel and Samhwa Paints, has been driving strategic changes as Chief Strategy Officer (CSO) of Kolon Industry. He is expected to focus on developing materials specialized for future automobiles and discovering new businesses.

CEO Kang is evaluated as the right person to lead Kolon Benit, an IT service specialist company, as a leading company suitable for the digital transformation era.

In this reshuffle, 16 out of 22 newly appointed assistant general managers are in their 40s, leading change and innovation through generational replacement. About 72% of the new assistant general managers are in their 40s.

Female talent appointments also continued. Han Kyung-ae, Executive Director in charge of ESG (Environment, Social, Governance) and Kolon Sports at Kolon Industry FnC division, was promoted to Vice President. Lee Ji-eun, Assistant General Manager in charge of the men's clothing business unit, was promoted to General Manager, and Kim Su-jeong, Creative Director of the golf business unit, was appointed as Assistant General Manager.

Jo Eun-jung, Assistant General Manager and head of Kolon Industry Future Research Institute, was promoted to General Manager, and Heo Jin-young, Director in charge of the hotel business division, was promoted to Assistant General Manager, among five female executives promoted.

A group official said, "Although we face an economic recession and global uncertainty crisis next year, companies must see opportunities amid crises and move forward. We have placed talents who will lead bold structural reforms and strategic execution for future growth at the forefront."

Below is the list of Kolon Group executive appointments.

◇ Appointed and Promoted CEOs

◆ Kolon Industry

△ President & CEO Kim Young-beom

◆ Kolon Mobility Group

△ President & CEO Lee Gyu-ho

△ President & CEO Jeon Cheol-won

◆ Kolon Glotech

△ CEO Vice President Bang Min-su

◆ Kolon Plastic

△ CEO Vice President Heo Seong

◆ Kolon Benit

△ CEO Vice President Kang Yi-gu

◇ Executive Promotions

◆ Kolon Corporation

△ Executive Director Ahn Sang-hyun

△ Assistant General Managers Seol Seong-heon, Oh Beom-yong

◆ Kolon Industry

△ Vice President Lee Beom-han

△ Executive Director Byun Jae-myung, Jo Hang-jip

△ General Managers Kim Soo-hyun, Na Seung-tae, Noh Soo-yong, Lee Yeon-jun, Lee Jung-jun, Jeon Yong-joo, Jung Il, Jo Eun-jung

△ Assistant General Managers Kim Kyung-tae, Kim Ui-soo, Song Kwang-seon, Lee Kwang-sik, Jo Se-hyun

◆ Kolon Industry FnC Division

△ Vice Presidents Song Seung-hoe, Han Kyung-ae

△ General Managers Park Sung-chul, Lee Ji-eun, Kim Jung-hoon

△ Assistant General Managers Kim Su-jeong, Park Jae-hyun, Hong Sung-taek

◆ Kolon Global

△ Vice President Park Moon-hee

△ General Manager Ryu Jae-ik

△ Assistant General Managers Lee Young-chan, Jung Hee-bong

◆ Kolon Mobility Group

△ Assistant General Manager Kim Hwi-kyu

◆ Kolon Glotech

△ General Managers Park Soon-eon, Jung Deok-yong

△ Assistant General Manager Ryu Kwang-taek

◆ Kolon Plastic

△ Vice President Kim Min-tae

△ General Manager Lee Do-geun

△ Assistant General Managers Jung Hong-ryeong, Choi Jin-sang

◆ Kolon Benit

△ General Manager Jeon Seon-gyu

△ Assistant General Managers Jung Sang-seop, Jung Joo-young

◆ Kolon Life Science

△ Assistant General Manager Jo Jeong-jong

◆ LSI / MOD

△ General Manager Moon Myung-han

△ Assistant General Manager Heo Jin-young

◆ Kolon Automotive

△ Assistant General Manager Han Woo-jun

◆ Kolon Auto

△ Assistant General Manager Jeon Tae-hee

◇ Transfers

◆ Kolon Mobility Group

△ General Manager Kim Jong-ha

△ Assistant General Manager Lee In-sung

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