Hankook & Company (000240.KS), the operating holding company of the Hankook & Company Group, announced Thursday that it has appointed Executive Vice President Kim Jun-hyun, head of management operations, as co-CEO.
With Kim's appointment as co-CEO, Hankook & Company will shift from a sole representative system under President Park Jong-ho to a co-CEO structure.
Kim began his career at Samil PricewaterhouseCoopers and went on to serve as head of finance and accounting and head of business management at CJ Corporation, as well as head of management support at CJ CheilJedang, building extensive experience in finance, strategy and business management. Since last year, he has overseen management operations at Hankook & Company, leading holding company operations and mid-to-long-term initiatives.
Hankook & Company is divided into two units: management operations, which serves as the group's holding company function, and business operations, which handles the battery business as an operating holding company. The management operations unit oversees group strategy, governance and subsidiary value enhancement, while the business operations unit focuses on strengthening competitiveness in the battery business and other areas.
Kim plans to focus on: △ establishing and executing mid-to-long-term group growth strategies; △ enhancing group portfolio value; △ strengthening financial soundness and capital efficiency; △ building a virtuous cycle of shareholder value; and △ advancing professional management-centered governance.
"Through the transition to a co-CEO structure, we will enhance strategic execution centered on the holding company unit and secure both the group's long-term growth foundation and management stability," a Hankook & Company official said. "CEO Kim is the right person to stably lead the group's mid-to-long-term growth foundation and professional management-centered governance, based on his finance and strategy expertise and experience managing large-scale organizations."
