Daewoo E&C Announces Organizational Restructuring and Regular Executive Appointments

[Asia Economy Reporter Yoo In-ho] Daewoo E&C carried out an organizational restructuring and regular executive appointments on the 27th.

The existing organization of 8 headquarters, 37 offices, 1 division, and 109 teams was reorganized into 8 headquarters, 36 offices, 1 division, and 110 teams.

Daewoo E&C explained that the background of this organizational restructuring was to focus on stabilizing management and strengthening order intake and technological competitiveness in response to the expanding domestic and international economic uncertainties caused by the novel coronavirus disease (COVID-19) and portfolio changes.

The regular executive appointments were also made with an emphasis on responsible management and organizational stability to respond to changes in the external environment.

Promotions were made by selecting executives who will lead performance improvement based on proven expertise. Two were promoted from Managing Director to Executive Director, six from Deputy Managing Director to Managing Director, and seventeen from Department Head to Deputy Managing Director.

Notably, in the new business sector, the first female Deputy Managing Director was appointed. Department Head An Sin-young was promoted to Deputy Managing Director this time.

A Daewoo E&C official said, “Through this organizational restructuring and appointments, we will overcome the deteriorated external environment caused by COVID-19 and enhance work efficiency and corporate competitiveness in response to changes in the management environment.”