CEO Kang Hoseong Resigns from CJ, Holding Company Undergoes Organizational Restructuring for "Operational Efficiency"

Integration of Existing Strategic Planning and Business Management Offices
Reorganized into Portfolio Strategy Office
Financial Departments Merged to Optimize Operations

CJ Group has carried out an organizational restructuring of its holding company, CJ. With Kang Hoseong stepping down as CJ's Chief of Management Support, the company unified operations under Kim Honggi, CJ's Chief of Management, and integrated the divisions that separately oversaw future vision and affiliate businesses to improve operational efficiency.

According to an internal announcement made by CJ Group on the 18th, the restructuring merged the holding company's existing Strategic Planning Office and Business Management Offices 1 and 2 into Portfolio Strategy Offices 1 and 2. The Strategic Planning Office is responsible for discovering future growth engines and designing the vision for CJ Group. The Business Management Offices have overseen the operations of CJ Group's major affiliates. Following the restructuring, the Financial Operations Office and the Financial Strategy Office under the Business Management Group will also be consolidated into a single Finance Office to enhance operational efficiency.

Previously, CJ had operated under a dual CEO system since appointing Kang Hoseong as head of Management Support in October last year. However, with Kang announcing his intention to resign last month ahead of next year's regular executive personnel reshuffle, the organizational restructuring became inevitable.

Additionally, CJ Group Chairman Lee Jae-hyun expressed concern over the company's stagnant growth during the group's 70th anniversary last month, emphasizing that "the responsibility to reaffirm the 'ONLYONE spirit' is more important than ever," which is interpreted as a move to initiate reform efforts. The ONLYONE philosophy embodies Chairman Lee's management principle of creating products that are 'The First,' 'The Differentiation' (the only one in the world), and 'The Best.'

A CJ Group official attributed significance to the restructuring, stating, "Under the foundation of rebuilding the ONLYONE spirit, this organizational restructuring aims to overcome the crisis and maximize corporate value through innovation in managing the group's business portfolio."

Meanwhile, CJ Group has yet to announce its regular executive personnel reshuffle, unlike other major retail groups. The announcement is delayed compared to previous years when it was made around mid-December. Industry insiders predict that CJ Group's personnel changes may take place early next year, after the new year.

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