LX Hausys Appoints Han Myung-ho, Its First CEO, as New CEO

Han Myung-ho, President of LX Hausys.

[Asia Economy Reporter Donghyun Choi] LX Hausys announced on the 8th that it has carried out the '2023 Regular Executive Personnel Appointment,' including appointing President Han Myung-ho, who served as the first CEO, as the new Chief Executive Officer (CEO).

President Han Myung-ho was inaugurated as the first CEO when LG Hausys (now LX Hausys) was spun off and established from LG Chem in 2009, leading the company's growth until 2012. During his tenure, President Han spearheaded the development of new businesses such as high-performance PF insulation materials for construction, finished windows, and high-insulation Low-E glass. He contributed to laying the foundation for future growth businesses that have now become LX Hausys's core operations. Additionally, he played a leading role in expanding the company's business structure from a domestic focus to overseas markets by establishing local production bases in key global strategic markets, including the artificial marble factory in Georgia, USA, and the production plant in Wuxi, China.

After stepping down as CEO of LG Hausys at the end of 2012, President Han also served as CEO of Hanwha L&C and Halla Encom. Having consistently remained in the industry, he is regarded as an expert in the domestic building materials sector who understands market trends and maintains insightful perspectives.

In addition, in this executive personnel appointment, Director Kang Chang-won was promoted to Managing Director, and Kim Woo-hong, Min Byung-ki, and Choi Hyun-jin were newly appointed as directors.

Along with this, Park Jang-su, Executive Director of LX Holdings, was transferred as Chief Financial Officer (CFO) of LX Hausys, and Jin Hyuk, Managing Director of LX International, was assigned to LX Hausys in charge of management diagnosis and improvement.

An LX Hausys official stated, “This executive personnel appointment comprehensively considered meritocracy that effectively responds to the rapidly changing domestic and international business environment, draws out growth potential, and produces results,” adding, “We will accelerate strengthening the fundamental competitiveness of the business and improving the business structure focused on profitability, so that it will not be easily shaken by any future environmental changes.”

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