LS Group, First Executive Appointment Under Koo Ja-eun Regime... '3rd Generation' Koo Bon-gyu and Koo Dong-hwi Promoted

[Asia Economy Reporter Moon Hyewon] LS Group announced on the 22nd that it has carried out its first executive personnel reshuffle since Chairman Koo Ja-eun's inauguration.

LS Group stated that it held a board meeting on the same day and finalized the promotion personnel decisions.

Despite expecting the group's best-ever performance this year, the first year under Chairman Koo's leadership, LS Group explained that it focused on stabilizing the organization considering the upcoming global economic downturn, minimizing external and organizational changes, and mostly retaining the CEOs of major affiliates.

Instead, in line with meritocracy, the group plans to invigorate the organization by promoting two professional CEO executives?President Myung Noh-hyun of LS, a business-driven CEO, and President Do Seok-gu of LS MnM, who will grow the company into a global materials enterprise?to vice chairmen.

Among the third generation of the owner family, Koo Bon-gyu, eldest son of Koo Ja-yeop, Chairman of LS Cable & System, was promoted from vice president to president, and Koo Dong-hwi, eldest son of Koo Ja-yeol, Chairman of LS Group and Chairman of the Korea International Trade Association, was promoted to vice president and transferred to LS Electric to take charge of Vision Management.

Vice President Ahn Won-hyung of LS was promoted to president and appointed head of the Management Support Headquarters to strengthen the group's environmental, social, and governance (ESG) management at the group level.

LS Group explained that to encourage growth amid the economic crisis, it plans to prepare for the group's future growth by recruiting and promoting various internal and external experts in technology, digital, and global fields who will lead the electrification era.

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