DL E&C Appoints Park Sang-shin as CEO: "Proven Leader, Accelerating New Business"

DL E&C announced on the 14th that it held a general shareholders' meeting and a board meeting, appointing Park Sang-shin, head of the Housing Business Division, as the new CEO. The company is determined to overcome the crisis in the construction industry and accelerate new business by placing a proven leader with verified performance and capabilities at the forefront as the CEO.

Sangshin Park, CEO of DL E&C / Photo by DL E&C

CEO Park graduated from Korea University with a degree in Business Administration and joined Samho, the predecessor of DL Construction, in 1985, dedicating over 30 years solely to the housing business. He served as head of Samho's Management Innovation Division, CEO of Korea Development, and head of the Housing Business Division at Daelim Industrial (now DL E&C), before becoming CEO of Daelim Industrial in March 2018.

CEO Park is regarded as a "proven leader" who has demonstrated management capabilities. During his tenure as CEO of Daelim Industrial, he led innovations in business structure and organizational culture, significantly boosting performance. In 2019, the company achieved a record operating profit of 1 trillion won and ranked 3rd in the Ministry of Land, Infrastructure and Transport's construction capability evaluation. Previously, at Samho, he managed the Management Innovation Division, showcasing crisis management skills by leading an early workout (corporate financial restructuring) graduation and business normalization. He also played a key role in the brand renewal that established "ACRO" as a symbol of luxury residential complexes and DL E&C's high-end brand.

On the same day, Kang Yoon-ho, Executive Director, was appointed CEO of DL Construction. The new CEO Kang graduated from Dankook University with a degree in Economics and joined Daelim Industrial in 1991. He is an expert in management administration, having served as head of the Human Resources Management Office and other roles, and moved to DL Construction last year. CEO Kang plans to focus on strengthening the company's foundation through thorough risk management and business portfolio rebalancing.

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