Hyundai Department Store Group Executive Appointments... Focus on Performance-Based and Young Leadership

Four CEOs Replaced
Im Dae-kyu Appointed CEO of Hyundai Home Shopping
Hyundai Department Store Duty Free, L&C, and Everdime Also Replace CEOs

[Asia Economy Reporter Cha Min-young] Hyundai Department Store Group conducted a regular executive personnel reshuffle effective January 1, 2021, involving a total of 48 people, including 29 promotions and 19 transfers, with 1 president, 3 vice presidents, and 5 executive directors promoted.

New CEOs were appointed for four companies: Hyundai Home Shopping, Hyundai L&C, Hyundai Department Store Duty Free, and Everdigm. Lim Dae-kyu, the new president (59) of Hyundai Home Shopping, was promoted to president and CEO after serving as head of the Management Support Headquarters (vice president) and then head of the Sales Headquarters. Kim Kwan-soo, vice president (57) and CEO of Hyundai L&C, was promoted from executive director and head of Public Relations at the Planning and Coordination Headquarters of Hyundai Department Store Group, having previously worked at Hyundai Green Food. Lee Jae-sil, vice president (58) and CEO of Hyundai Department Store Duty Free, served as head of the Hyundai Department Store Trade Center and executive director of the Hyundai Department Store Pangyo branch. Lim Myeong-jin, vice president (59) and CEO of Everdigm, was newly appointed after serving as head of Everdigm’s Construction Machinery Business Headquarters. All newly appointed presidents are in their 50s, reflecting an emphasis on promoting young talent.

A Hyundai Department Store Group official explained the background of this regular executive reshuffle, stating, “Based on thorough meritocracy, we focused on appointing a large number of young talents who possess both expertise and drive to lay the foundation for leading the group’s future growth.” The official added, “With young and dynamic leadership, we aim to build a passionate organizational culture that can respond swiftly to changes in the uncertain business environment and promote the group’s sustainable growth and realization of social value.”

The official further noted, “Due to increasing internal and external uncertainties such as the COVID-19 pandemic, we advanced the timing of this year’s regular executive reshuffle by about a month compared to previous years to proactively establish next year’s business strategy and simultaneously pursue organizational stability and innovation. The scale of personnel changes is similar to previous years.”

Below are the details of the regular executive promotions and transfers:

◇ Promotions (29 people)

◆ Hyundai Department Store △ Executive Director Hong Jeong-ran (Head of Main Store), Yoon Young-sik (Head of Management Strategy Office) △ Senior Manager Yang Myung-sung (Sales Strategy), Oh Seong-kwon (Head of Mia Branch), Yoon Sang-kyung (Head of Sinchon Branch), Jo Gwang-mo (Head of Cheonho Branch), Yoon Jong-won (Head of Finance), Kim Jeong-hee (Head of Living Business Division), Park Sang-jun (Head of Kintex Branch), Choi Seok-ju (Head of General Affairs), Ahn Byeong-hyeok (Head of Future Strategy Team)

◆ Hyundai Home Shopping △ President Lim Dae-kyu (CEO) △ Executive Director Han Gwang-young (Head of Sales Headquarters) △ Senior Manager Kim Joo-hwan (Head of Living Business Division), Kim Won-sang (Head of Intangible Goods Business Division), Lee Kyung-woo (Head of Data Broadcasting Business Division)

◆ Hyundai Green Food △ Executive Director Choi Bo-gyu (Head of Distribution and Food Service Headquarters)

◆ Handsome △ Senior Manager Na Hyo-jin (Head of Character Business Division)

◆ Hyundai Livart △ Senior Manager Lee Sang-hwa (Head of Built-in Business Division), Lee Eun-soo (Head of Sales Strategy Business Division)

◆ Hyundai L&C △ Vice President Kim Kwan-soo (CEO) △ Senior Manager Kim Soon-tae (Head of Decorative Materials Business Division), Lee Jae-gak (Head of Interior Stone Business Division)

◆ Hyundai Department Store Duty Free △ Vice President Lee Jae-sil (CEO) △ Executive Director Park Jang-seo (Head of Sales Headquarters) △ Senior Manager Kwak Jun-kyung (Head of MD)

◆ Everdigm △ Vice President Lim Myeong-jin (CEO) △ Director Kim Il-seok (Head of FE Development Team) △ Assistant Director Kwak Jin-su (CEO of Everdigm Locktool Co., Ltd.)

◇ Transfers (19 people)

◆ Hyundai Department Store △ Senior Manager Lee Seung-won (Head of Trade Center Branch) △ Senior Manager Cha Jun-hwan (Head of Pangyo Branch) △ Senior Manager Kim Pil-beom (Head of Ulsan Branch) △ Senior Manager Kim Young-gyun (Head of Digital Strategy) △ Senior Manager Lee Won-cheol (Head of Accounting) △ Senior Manager Kim Jun-young (Head of Public Relations) △ Deputy General Manager Im Han-oh (Head of Busan Branch)

◆ Hyundai Home Shopping △ Senior Manager Hwang Seon-wook (Head of Fashion Business Division)

◆ Hyundai Green Food △ Executive Director Lee Heon-sang (Head of Product Headquarters) △ Senior Manager Hwang Cheol-hwan (Head of Food Service 2 Business Division)

◆ Handsome △ Senior Manager Yoon In-soo (also in charge of Online)

◆ Hyundai Livart △ Senior Manager Lee Jeong (also Head of Materials Business Division) △ Senior Manager Na Gil-yong (Head of Corporate Business Division)

◆ Hyundai L&C △ Executive Director Hong Soon-yoo (Head of Total Interior Business Division) △ Senior Manager Ryu Ki-hyun (Head of Sejong Business Site)

◆ Everdigm △ Senior Manager Kang Deok-hwan (Head of Construction Machinery Sales Division) △ Director Ahn Soon-young (Head of Purchasing and Generator Division) △ Assistant Director Ryu Jung-hyun (Head of U.S. Corporation) △ Assistant Director Choi Yong-beom (Head of Special Vehicle Sales Division)