SK Group Retains Key CEOs... Names Jung Seungil as New SK Innovation CEO
Most Major Affiliate CEOs Retained; Hands-On Leaders Appointed
CEO Changes at Energy and Chemical Affiliates; Portfolio Rebalancing to Be Completed
New Southeast Asia Head Appointed to Strengthen Overseas Leadership
SK Group has announced its 2027 executive appointments, retaining most of its major affiliates' CEOs while selecting new leaders with hands-on management experience.
SK Group said it held an extraordinary meeting of the SUPEX Council on the morning of October 30 and shared the executive appointments decided by the boards of its affiliates. The appointments are intended to maintain management stability, strengthen the competitiveness and profitability of core businesses, and complete the portfolio rebalancing the group has been pursuing ahead of schedule.
Jang Yongho will remain CEO of SK Inc., the group's holding company. Kim Seonhyeok, head of strategy at SKC and recognized as a portfolio management expert, has been promoted to president in charge of SK Inc. The company plans to swiftly complete its rebalancing efforts to improve the fundamentals of its businesses.
There were extensive CEO changes among the energy and chemical affiliates. SK Innovation has nominated President Jung Seungil, an expert in power and energy, as its new CEO. He is expected to respond to the economic slowdown and volatility in energy markets, strengthen the competitiveness of core businesses, and launch new power businesses in earnest. President Kang Dongsoo, who has overseen SK Inc.'s overall operations, will serve as co-CEO of SK Innovation and CEO of SK Energy. He will strengthen the cash-generating capacity of existing businesses and channel the proceeds into investment in new businesses.
Kim Wonki, who has led the SK Enmove in-house independent company (CIC), will also serve as CEO of SK Geocentric, an SK Innovation subsidiary. Drawing on his experience in the lubricant business, he will focus on improving the profitability of high-value-added chemical businesses. Yoon Byeongseok, CEO of SK Gas, has been nominated as CEO of SK Discovery, while Song Gyeongyeol, head of the strategy division, has been promoted and appointed CEO of SK Gas.
Kwon Youngsoo, head of strategy at SK Innovation, has been promoted to president and joined the SUPEX Council, the group's highest-level consultative body. He will be responsible for creating synergies among affiliates and handling the group's preparations for the future.
The group has also strengthened its overseas leadership. In addition to its existing regional operations in the Americas, China, and Japan, SK Group has established a new Southeast Asia regional leadership position and appointed President Choo Hyungwook to the role. The strategy is to accelerate local research and development (R&D) and commercialization in key businesses, including artificial intelligence (AI), eco-friendly solutions, and advanced materials.
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An SK Group official said, "These appointments are intended to strengthen our fundamental competitiveness amid an uncertain business environment and create an opportunity for a new leap forward through proactive business restructuring and technological innovation." The official added, "We will accelerate the group's qualitative growth and enhance corporate value."
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