Hanssem, CEO Replacement... 40-Year-Old Female Executive Director Kim Yujin Appointed
The CEO of Hanssem, the No. 1 furniture company trapped in a slump in performance, will be replaced.
According to a comprehensive report by Asia Economy on the 12th, IMM Private Equity (IMM PE), which acquired Hanssem, recently dismissed the existing CEO Kim Jin-tae and appointed Kim Yoo-jin, head of IMM Operations Division, as the new CEO. It has been about a year and a half since CEO Kim took office in January last year. This is interpreted as holding him responsible for the recent consecutive operating losses.
Kim Yoo-jin is scheduled to be appointed after procedures such as a resolution at the board meeting to be held on the 13th. Kim graduated from the Department of Computer Science at Korea Advanced Institute of Science and Technology (KAIST) and earned a master's degree from Seoul National University Graduate School of Business. After working at Boston Consulting Group (BCG), he joined IMM PE in 2009 and led mergers and acquisitions (M&A) such as that of Lezhin Comics. He currently concurrently serves as CEO of Able C&C, which operates the cosmetics brand Missha.
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A Hanssem official said, "We cannot officially confirm the CEO replacement at this time."
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