Lotte Holdings Appoints New Co-CEOs Koo Jungwook and No Junhyung: "Transition to a Practical Organization"

2026 Regular Executive Appointments at Lotte Group

On November 26, Lotte Group announced through its regular executive appointments that Koo Jungwook and No Junhyung have been nominated as co-CEOs of Lotte Holdings.

Koo Jungwook, born in 1966, graduated from Chungam High School, earned a degree in economics from Hongik University, and a master's degree in international economics from Sogang University. He joined Lotte Construction in 1992, and subsequently held positions at Lotte Group's Management Division, as Head of Strategy at Lotte Capital, Head of the RM Division, and Head of the Sales Division 2. He served as CEO of Lotte Capital from 2019 to 2021 and has led the Financial Innovation Office at Lotte Holdings since 2022.

(From left) Koo Jungwook, President and CEO of Lotte Holdings, and Noh Junhyung, President and CEO of Lotte Holdings. Provided by Lotte Group

During his tenure as Head of the Financial Innovation Office at Lotte Holdings, he was recognized for contributing to the improvement of the group's financial soundness.

No Junhyung, born in 1968, graduated from Seonggwang High School, earned a degree in business administration from Keimyung University, and completed an MBA at Chung-Ang University. He joined Lotte Innovate in 2002 as Head of the HR Team and Head of the Strategic Planning Team. He later served as Head of Management Support, Head of Strategic Management, and Head of the DT Business Division at Lotte Innovate. From 2021 to 2023, he was CEO of Lotte Innovate, and since last year, he has served as Head of the Management Innovation Office at Lotte Holdings.

He is credited with restructuring the group's overall business portfolio and accelerating innovation among affiliates during his time as Head of the Management Innovation Office at Lotte Holdings.

The two co-CEOs will operate the organization by dividing responsibilities into two areas: finance and management, and strategy and planning. Choi Youngjun, Executive Director and Head of the Finance Team 2 at Lotte Holdings, has been nominated as Head of the Financial Innovation Office at Lotte Holdings, while Hwang Minjae, Vice President and CEO of Lotte Chemical Advanced Materials, has been nominated as Head of the Management Innovation Office at Lotte Holdings.

A Lotte representative stated, "Lotte Holdings, which is responsible for discovering future business opportunities and advancing the business portfolio of the group, will be reorganized into a more hands-on, practical organization."

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