SK Ecoplant Appoints Kyung-il Park as New CEO

Accelerating Growth as an Eco-Friendly Company through Business Portfolio Transformation

[Asia Economy Reporter Onyu Lim] SK Ecoplant (formerly SK Construction) appointed Park Kyung-il as the new CEO and Head of Business Operations on the 28th. This decision aims to accelerate growth as an environmental company through eco-friendly and new energy businesses and to focus on expanding domestic and international operations.

A board official stated, “The newly appointed CEO Park is currently successfully driving the transformation of SK Ecoplant’s business portfolio, and it is expected that he will expand the company’s business areas as a leading domestic environmental company.”

CEO Park has been an expert in investment strategy and M&A within the SK Group and joined SK Ecoplant as Head of Business Operations in January this year. After the company name change, he directly led the bolt-on acquisition strategy utilizing the environmental facility management company acquired last year (formerly EMC Holdings), acquiring seven waste incineration companies. Through this, SK Ecoplant has solidified its position as the number one operator with the largest domestic industrial waste incineration capacity, in addition to water treatment.

CEO Park plans to focus on improving the financial structure for a future initial public offering (IPO) and accelerate the promotion of eco-friendly and new energy businesses. He will also concentrate on entering new businesses such as industrial wastewater treatment and recycling, as well as expanding global operations.

SK Ecoplant changed its company name this year to establish a model governance structure and transitioned to a board-centered management system with professionalism and independence. It operates subcommittees led by outside directors, including the ▲ESG Committee ▲Personnel Committee ▲Audit Committee ▲Management Committee, and makes decisions on major issues significantly affecting the company through the board to enhance shareholder value and protect their rights.