Donggeol Kwak Appointed as New CEO of Stick Investment, Will Also Serve as CIO

First Organizational Restructuring After Miri Capital’s Acquisition; Existing Management Team Remains

Personnel Changes at Stick Ventures as Well; Sora Jung Appointed as CEO

Donggeol Kwak, newly appointed Chief Executive Officer (CEO) of Stick Investment

Stick Investment has appointed Vice Chairman Donggeol Kwak as its new Chief Executive Officer (CEO). Although the largest shareholder has changed to the foreign asset management firm miri capital, the existing management team remains in place.

On March 31, Stick Investment announced this personnel change. The new CEO's term will begin on April 1. Donggeol Kwak will also continue serving as Chief Investment Officer (CIO).

This appointment is part of a management restructuring following the change in the majority shareholder. Previously, Stick Investment changed its largest shareholder when founder and Chairman Yonghwan Do sold his stake to miri capital. However, miri capital has decided not to intervene in management, maintaining a separation between ownership and management.

The new CEO, Donggeol Kwak, has been with Stick Investment since Chairman Do established the company and has led all of Stick’s investments as CIO. Leveraging his deal sourcing capabilities and portfolio management experience accumulated in the private equity (PE) market, he plans to focus on expanding global investments, enhancing the investment portfolio, strengthening the institutional investor network, and boosting global limited partner (LP) discovery and global fundraising capabilities.

Stick Investment has also restructured its wholly owned subsidiary, Stick Ventures. Jora Jung, formerly Executive Director, has been appointed as the new CEO, while Geunho Jung has been promoted to Vice Chairman.

Jora Jung, New CEO of Stick Ventures

Jora Jung, the new CEO, has been a key member at Stick Ventures, leading investments in early-stage companies and identifying major portfolio assets. She has accumulated experience in both executing and exiting investments across various industries, including the bio sector. She graduated from Yonsei University with a degree in biotechnology and holds a master's degree in biological sciences from KAIST. She gained experience as an analyst at Amorepacific, Daishin Securities, and Hanwha Investment & Securities before joining Stick Investment in 2017 and subsequently moving to Stick Ventures.

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