Cosmax Group Regular Executive Personnel Changes... "Unification of Organizational Management System"

Published 26 Dec.2023 15:42(KST)

Cosmax Group announced on the 26th that it has carried out its regular executive personnel appointments for 2024.

Cosmax Group Regular Executive Personnel Changes... "Unification of Organizational Management System"

In this personnel reshuffle, Park Myung-sam, head of Cosmax BTI's GCC (Global Corporate Center), was appointed as the head of Cosmax China R&I (Research & Innovation) Center. Until the first half of this year, Park Myung-sam oversaw the Cosmax R&I Center and developed representative Cosmax products such as cushion foundation and lip tint. The company expects Park to lead the R&I Center in launching strategic new products targeting the local Chinese market.

Park Myung-sam had been serving as the head of the newly established GCC in the second half of this year to support global subsidiaries. He is credited with laying the foundation for supporting overseas subsidiary growth and operating a matrix collaboration system at the group level. With Park Myung-sam moving to Cosmax China R&I, the CEO of Cosmax BTI will directly lead the GCC organization.

This personnel change also involved improving the operational system and organizational restructuring for a "Global One Cosmax." Reflecting the results of this year's personnel consulting, a unified group integrated organizational management system was introduced, with plans to expand it to overseas subsidiaries in the future. Additionally, role-based executive appointments centered on positions were implemented.

Changes were also made to the existing factory organization: the purchasing and logistics organizations were separated into the Purchasing Headquarters and Logistics Headquarters, and a new headquarters-level organization was formed in the order of purchasing - production - quality - logistics from an SCM perspective to strengthen expertise and production supply response capabilities.

A Cosmax Group official explained, “We have carried out organizational restructuring for globalization across all departments including research, marketing, SCM, and support. We expect synergy and integration between the cosmetics and health functional food organizations of domestic and overseas subsidiaries, including Korea.”

A total of 23 people were promoted to executive positions in this round of appointments.

In the research sector, Lee Jun-bae, head of Cosmax Basic Technology Lab, and Lee Hwa-young, head of Cosmax CF Lab, were promoted to Fellow1 (executive director level). Choi Seok-won, head of MN Lab, and Lim Hyun-joo, head of CL Lab, both from Cosmax R&I Center, were newly appointed as executives.

In the marketing and support sectors, Lee Kyung-hoon, head of Cosmax BTI HR Group; Kim Kyung-rok, head of Cosmax BTI IT Headquarters; and Shin Bong-chul, head of Cosmax Management Group, were promoted to executive directors. Yoon Sang-ho, head of Cosmax BTI Management Diagnosis Office, and Yoon Sung-hyun, head of Cosmax Sales Management Group, were promoted to deputy executive directors and became new executives.

In the production sector, Park Hyung-geun, head of Cosmax Production Headquarters, was promoted to executive director, and Park Rae-hyuk, head of Cosmax Logistics Group, was newly appointed as an executive. Overseas subsidiaries saw Lee Young-ha, factory head of Cosmax Indonesia, promoted to senior executive director. Following this, Jung Yoon-sung, quality executive at Cosmax China, was promoted to executive director, and Park Sang-sik, head of management planning at Cosmax Guangzhou; Lee Yong-hyun, head of package research at Cosmax Indonesia; Seo Dong-ha, head of finance and accounting at Cosmax China; and Lee Kwang-soo, head of management planning, were newly appointed as executives.

In the health functional food sector, Ahn Jae-sik, head of Cosmax NBT USA subsidiary, was promoted to vice president. Marketing headquarters heads Lim Jae-yeon and Kim Se-hyuk were promoted to senior executive directors, and Kim Kwan-yong, head of Cosmax NBT China subsidiary, was promoted to executive director. Kim Ho-gi, factory head of Cosmax Bio, and Jo Hyung-geun, factory head of Cosmax Neo, were newly appointed as executives.

Below is the list of personnel appointments.

◇ Executive Director Promotions

▲ Lee Kyung-hoon ▲ Kim Kyung-rok

◇ Deputy Executive Director Promotions

▲ Yoon Sang-ho

◇ Executive Director Promotions

▲ Park Hyung-geun ▲ Shin Bong-chul

◇ Deputy Executive Director Promotions

▲ Park Rae-hyuk ▲ Yoon Sung-hyun

- Research Positions

◇ Fellow1 (Executive Director Level) Promotions

▲ Lee Jun-bae ▲ Lee Hwa-young