"SK Innovation's Organizational Restructuring to Find New Businesses and Enhance R&D Capabilities"

On the 2nd, Kim Jun, President and CEO of SK Innovation, was promoted to Vice Chairman

[Asia Economy Reporter Choi Dae-yeol] SK Innovation announced on the 2nd that it has retained all current executives in next year's organizational restructuring and executive appointments. As the company created the Financial Story, a corporate value enhancement strategy promoted at the group level, it decided to have the existing executives continue their responsible management in their current positions. To boost on-site execution capabilities, 33 new executives were appointed.

As the holding company, SK Innovation reorganized its structure focusing on enhancing the business portfolio value of all affiliates and expanding capabilities in new business development and research and development (R&D). The existing Strategy Headquarters was expanded into the Portfolio Division. To actively promote the BMR (Battery Metal Recycle) business, a next-generation growth business focused on recycling used batteries, a BMR Promotion Team was newly established. Recognizing the importance of verification in technology and processes during the transition to an eco-friendly company, an Analysis Solution Center was newly created within the Environmental Science and Technology Institute, which is responsible for company-wide R&D.

Each business subsidiary also established separate organizations to transition to eco-friendly businesses. SK Energy P&M CIC established a Future Design Center, which integrates business and support functions for the transition to an eco-friendly company. SK Geocentric created the G2 Tech Center, an organization dedicated to securing green process technologies such as recycled plastics. SK Lubricants, SK IE Technology, and SK Earth On each established new divisions: Green Growth Headquarters, Quality Management Office, and E&NV Department, respectively.

The company explained this personnel appointment by stating, "Under the principle of boldly utilizing capable talent, we appointed mainly those suitable for strengthening vigorous execution capabilities."

Meanwhile, Kim Jun, SK Innovation's President and CEO, was promoted to Vice Chairman in recognition of his contribution to enhancing the company's future value. Kim Jun joined the predecessor of SK Innovation, Yukong, in 1987 and has held key positions including Head of the Business Support Team at SK Supex Council and President of SK Energy, covering both field and strategic roles. Since 2017, he has served as CEO of SK Innovation and concurrently chairs the Environmental Business Committee of the SK Supex Council.

SK On plans to conduct a separate organizational restructuring and personnel appointments within this month, considering key ongoing matters such as cooperation with global partners. President Kim said, "The core of this organizational restructuring and personnel appointments is to make next year the inaugural year for the full-scale execution of the Financial Story."