SK Networks Appoints Lee Ho-jung as New President and CEO

Choi Seonghwan Promoted to President, Two New Executives Appointed

Lee Ho-jung, New President and CEO of SK Networks

[Asia Economy Reporter Kiho Sung] SK Networks is changing its leadership and accelerating efforts to create new future value. On the 1st, SK Networks announced that it conducted its 2023 regular organizational restructuring and executive appointments, appointing Lee Ho-jung, Head of the Management Support Division, as the new President and CEO.

The newly appointed President and CEO Lee Ho-jung is a strategy and investment expert who has managed the group’s business portfolio at SK since 2017, having previously served as CEO of SK Pinks and Head of SK Networks’ Strategic Planning Office. Returning to SK Networks in 2021, he supported strengthening the business structure of the headquarters and investee companies as Head of the Management Support Division, and also served as Head of the New Business Promotion Division, driving the company’s future growth through global investments and expansion of electric vehicle infrastructure. Lee Ho-jung is expected to be officially appointed as CEO through next year’s shareholders’ meeting and board of directors.

An SK Networks official explained, “Considering the stability and continuity of organizational operations amid increasing uncertainty in the business environment, we appointed a leader well-versed in internal affairs and a strategy and investment expert capable of leading SK Networks’ new future growth through change and innovation as the company’s new head.”

Choi Seong-hwan, New President of Business Division at SK Networks

Alongside this, Choi Sung-hwan, Head of Business, was promoted to President. Choi Sung-hwan (President, COO) has led SK Group’s first investment in a U.S. startup and has driven the establishment of SK Networks’ global investment network and internal capabilities based on his expertise in overseas business. In 2020, he successfully led a project to sell the company’s directly operated gas stations by dividing assets and operations to multiple buyers.

Thus, over the past two years, the newly appointed President and CEO Lee Ho-jung and President Choi Sung-hwan, who have jointly handled the company’s investments and major decision-making as Head of the Management Support Division, Head of the New Business Promotion Division, and Head of Business, will continue to work closely as partners responsible for SK Networks’ management starting next year.

On the same day, SK Networks appointed Yoo Bong-woon, Head of Finance Office, as next year’s Chief Financial Officer (CFO), and Ryu Sung-hee, Head of Sustainability Office, as Chief Sustainability Officer (CSO). Additionally, Jeong Han-jong was appointed Head of the New Growth Promotion Division, and Cho Hyung-gi, CEO of the electric vehicle charging company currently under acquisition, was newly appointed as an executive. Furthermore, the Blockchain Business Division was transferred under the New Growth Promotion Division, and the Parts Business Division’s organization and functions were integrated into the Speedmate Business Division. These changes aim to enhance organizational efficiency and strengthen efforts to secure continuous growth engines.

An SK Networks official emphasized, “We will do our best to ensure the company’s sustainable growth and enhance corporate value by transforming into a structure that improves efficiency and growth potential through building business and organizational systems capable of overcoming external environmental deterioration, and by discovering and nurturing next-generation leaders.”

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