Able C&C Appoints Kim Yujin, Key Figure in 'Hollys Sale', as New CEO

Yujin Kim, New CEO of Able C&C

[Asia Economy Reporter Seungjin Lee] Able C&C announced on the 21st that it has appointed Kim Yoo-jin, CEO of IMM Operations Group, as its Chief Executive Officer.

This appointment follows the resignation of former CEO Jo Jung-yeol due to personal reasons. As more than three years have passed since the acquisition of Able C&C, rather than seeking new candidates externally, the company appointed a representative from IMM Private Equity who has a deep understanding of the company's business and strategic direction.

CEO Kim graduated from KAIST with a degree in Computer Science and earned a master's degree from Seoul National University Graduate School of Business. After working at Boston Consulting Group (BCG), he joined IMM Private Equity in 2009, leading transactions involving Hollys F&B, Lezhin Comics, and Taelim Packaging. From 2017, he directly managed Hollys as CEO and successfully sold it to KG Group in 2020.

He then returned to IMM Private Equity, serving as CEO of IMM Operations Group, overseeing operations for Able C&C and Genewon Science. CEO Kim is recognized for his outstanding business leadership and extensive experience, spanning from investment to portfolio company management.

IMM Operations Group is a corporation that manages the organizational and strategic direction of portfolio companies to enhance corporate value. It is expected that the new CEO Kim, concurrently serving as CEO of Able C&C and IMM Operations Group, will deliver results more swiftly.

Able C&C plans to continue focusing on online and overseas business as per its existing strategy, while accelerating operational improvements such as strengthening brand positioning, store management, and inventory control.