[Asia Economy Reporter Jang Hyowon] Yoon Sanghyun, vice chairman and eldest son of Yoon Donghan, founder of Korea Kolmar, has resigned from his position as CEO of Korea Kolmar. Accordingly, Korea Kolmar will change from the existing three-CEO system to a two-CEO system with Ahn Byungjun and Lee Hokyung.
According to the industry on the 7th, Vice Chairman Yoon stepped down from the CEO position to focus on setting the overall business direction for the group as chairman of the Korea Kolmar Holdings board. However, he plans to retain his status as vice chairman and inside director.
Vice Chairman Yoon has continued investments, including leading the acquisition of CJ Healthcare in 2018, acquiring Jayjun Cosmetic’s Incheon factory last year, and securing management rights of Daehan Sugar’s biopharmaceutical company TKM. He was promoted to vice chairman in December last year.
Meanwhile, Korea Kolmar, which had a three-CEO system, is expected to change to a two-CEO system with professional managers Ahn Byungjun and Lee Hokyung. CEO Ahn is in charge of the cosmetics business, while CEO Lee oversees the pharmaceutical business.
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