Slight Increase in Promotions to CEO Level in 30s Compared to Last Year... No Women Among Them

Analysis of Executive Promotions in 297 Affiliates
Average Age of Promotees Rises to 56.3 Years, Up by One Year

In the executive personnel changes carried out by the top 30 groups in the new year, the number of executives promoted to president level slightly increased compared to last year.

Changes in Executive Promotions from 2023 to 2024 / Number of Promotions (Average Age). Graphic provided by Leaders Index

According to the corporate analysis institute 'Leaders Index' on the 3rd, comparing the executive promotion status of 297 companies that submitted business reports among the affiliates of the top 30 domestic groups by asset ranking last year and this year, the number of promotions to president level or higher increased by 6. This year, there were 38 (27 presidents and 11 vice chairmen), while last year there were 32 (27 presidents, 4 vice chairmen, and 1 chairman). The number of groups producing promotions to president level or higher was 13 this year, one more than 12 last year.

The average age of the promoted executives increased by one year from 55.3 to 56.3, and the average age of those promoted to president level excluding vice chairman level or higher also rose from 55.5 to 57.0.

The group with the largest increase in promotions was Mirae Asset, which carried out personnel changes in October last year, with an increase of 7. While there were 2 promotions the previous year, the following year saw 9 promotions (6 vice chairmen and 3 presidents) due to the retirement of founding members and generational change.

Hyundai Motor Group, which achieved record-high performance, promoted 7 executives to president in its November and December executive personnel changes last year, an increase of 6 compared to 1 the previous year. Lotte Group also saw an increase in president-level promotions from 2 to 4 during the same period.

On the other hand, Samsung had 3 promotions this year, including Samsung Electronics’ presidents Kim Won-kyung and Yong Seok-woo, and Samsung C&T’s president Lee Jae-eon, significantly down from 8 promotions to president level last year. SK’s promotions decreased from 7 to 5, and LG’s from 4 to 2.

Unlike the previous year, when female promotions included Samsung Electronics president Lee Young-hee and LG Household & Health Care CEO Lee Jung-ae, there were no female promotions this year.

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