Kolmar BNH Establishes Three-Person Co-CEO System with Lee Seunghwa, Yoon Sanghyun, and Yoon Yewon

Yoon Yewon to Focus on External Social Contribution, Steps Back from Company Management
Yoon Sanghyun to Serve as CEO Until Regular Board Meeting in March Next Year
"Management Reform Centered on Professional Executives"

Kolmar BNH, a subsidiary of Kolmar Holdings, has established a three-person co-CEO system with Lee Seunghwa, Executive Director; Yoon Sanghyun, Vice Chairman; and Yoon Yewon, President, each serving as representative directors. It was agreed that President Yoon Yewon will be responsible for external social contribution activities and will not participate in the overall management of the company. Vice Chairman Yoon Sanghyun will serve as CEO until the regular board meeting in March next year. With this, Kolmar BNH has established a management system focused on professional executives.

On October 14, Kolmar Holdings announced that at the Kolmar BNH board of directors meeting held at the Kolmar BNH headquarters in Seocho-gu, Seoul, the board approved the appointment of Executive Director Lee Seunghwa and Vice Chairman Yoon Sanghyun as co-CEOs.

From the left, Seunghwa Lee, Executive Director; Sanghyun Yoon, Vice Chairman; Yewon Yoon, President. Provided by Kolmar Holdings

The company explained that the board's resolution to transition to a three-person co-CEO system aims to transform the company's structure toward high value-added, life sciences-centered businesses, enhance synergy with the group, and restructure Kolmar BNH as a core company within the group.

Newly appointed CEO Lee Seunghwa will lead overall business operations and management. Lee is a strategy expert who has previously served as a management leader at CJ CheilJedang, Vice President at CJ, Managing Director at CJ Freshway, and Director at Bain & Company. He has extensive experience in global manufacturing, distribution, and consulting. Going forward, he plans to drive management innovation at Kolmar BNH by discovering new growth engines, strengthening business competitiveness, and improving profitability, all based on an execution system aligned with the group's strategic direction.

Newly appointed CEO Yoon Sanghyun, as Vice Chairman of Kolmar Group, will be responsible for establishing Kolmar BNH's mid- to long-term vision and providing strategic advice. Vice Chairman Yoon will serve as CEO without compensation, with his term lasting until the regular board meeting in March next year. During this period, he will support the stable establishment of the leadership system of newly appointed CEO Lee Seunghwa and CEO Yoon Yewon.

CEO Yoon Yewon will be responsible for external social contribution activities. Yoon will focus on creating social value centered on corporate social responsibility and sustainable management. However, the board of directors has clarified that Yoon will not participate in overall company management, including management decision-making.

CEO Lee stated, "By working closely with the holding company, we will establish a transparent and efficient management system suitable for a listed company and achieve renewed growth and enhanced shareholder value. We will expand our business beyond the areas covered by health functional foods and pharmaceuticals, evolving into a life science-based business model focused on new materials, new technologies, and new formulations, and solidify our competitive edge in the global market."

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