Cheil Worldwide Announces Regular Executive Appointments... "Reflecting Meritocracy Principles"

1 Vice President and 2 Executive Directors Promoted

Yoon Young-seok, Vice President of Cheil Worldwide.

[Asia Economy Reporter Yuri Kim] Cheil Worldwide announced on the 12th that it has promoted a total of three executives through its 2023 regular executive appointments, including one vice president and two newly appointed managing directors.

Vice President Yoon Young-seok is a brand strategy expert with a strong strategic mindset, recognized for contributing to the stabilization and expansion of business in the Latin America region. Managing Director Jung Yong-hwa is a marketing expert with extensive global business experience and knowledge, who contributed to the growth of the Dallas region and the advancement of performance marketing capabilities. Managing Director Han Bo-hyun has diverse experience in domestic advertising business including IT and finance sectors, as well as serving as head of the HR team, supporting the advancement of leadership diagnostics and improvement of organizational culture.

The company stated, "Despite uncertain economic outlooks, we have firmly established the principle of merit-based personnel management by promoting personnel who contributed to strengthening organizational capabilities and achieving results to actively pioneer new opportunities and promote business expansion." It also explained that business experts who contributed to the expansion of digital business and enhancement of competitiveness were promoted, thereby strengthening the management layer capable of improving service capabilities amid the rapidly changing marketing environment.

Cheil Worldwide plans to finalize the 2023 regular organizational restructuring and position appointments following this regular executive appointment.