Hyundai Department Store CEO, 'Sales Expert' Jeong Ji-young Replaced... Group Executive Reshuffle Conducted

President Kim Hyeongjong, Responsible for Daejeon Outlet Management, Appointed as Advisor
Vice President Han Gwangyeong Named CEO of Hyundai Home Shopping

Hyundai Department Store has appointed President Jeong Ji-young, an expert in sales operations, as its CEO. Kim Hyung-jong, who was assigned last year to manage the aftermath of the fire incident at Hyundai Premium Outlet Daejeon instead of being replaced, will complete his four-year term and move to an advisory position.

Jiyoung Jeong, the new CEO (President) of Hyundai Department Store [Photo by Hyundai Department Store Group].

On the 2nd, Hyundai Department Store Group announced its regular executive appointments effective January 1, 2024, including one president and one vice president, with a total of 40 personnel changes: 17 promotions and 23 transfers. The scale of the appointments was reduced compared to last year, considering the difficult economic conditions both domestically and internationally.

Jeong Ji-young, who became the CEO of Hyundai Department Store, was born in 1963 and graduated from Korea University with a degree in Business Administration. He joined Hyundai Department Store in 1991 and has held positions such as Head of Sales Strategy, Ulsan Store Manager, and Head of Sales Strategy Office. This year, he served as Vice President and Head of Sales Headquarters as well as Head of Sales Strategy Office, establishing himself as a sales expert.

Hyundai Home Shopping has appointed Vice President Han Kwang-young as its CEO. Born in 1966, Han graduated from Hanyang University with a degree in Business Administration. He joined Hyundai Department Store in 1991 and has served as General Manager of Hyundai Home Shopping’s H Mall Business Division and Head of the Lifestyle Business Division. This year, he served as Executive Director and Head of Sales Headquarters at Hyundai Home Shopping.

Hyundai Department Store Group explained, "Over the past two years, we retained all affiliate CEOs without changes, but we have chosen to implement changes in business areas deemed essential for future growth." Considering that the CEO terms for the department store and home shopping expire in March next year, internal talents with a deep understanding of the overall organization were promoted to ensure stability while pursuing challenges and innovation."

A Hyundai Department Store Group official stated, "The key theme of this regular executive appointment is 'pursuing change for future growth amid a stable foundation.' Given the challenging internal and external business environment, rather than expanding the organization, we aim to strengthen our foundation while rapidly driving change and innovation to prepare for the group’s future growth."

He added, "We will appoint future-oriented talents with expertise, execution capabilities, and new leadership to key positions to lead the changes and innovations necessary for the group’s sustainable growth."

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