[Asia Economy Reporter Donghyun Choi] Coway announced on the 2nd that it will transition to a sole CEO system under Seo Jang-won starting this year.
CEO Seo played a leading role in Coway's acquisition battle as Vice President in charge of investment strategy at Netmarble at the end of 2019. After the acquisition, he moved to Coway and served as Chief Financial Officer (CFO), and in January 2021, he was appointed as a co-CEO of Coway. Vice Chairman Lee Hae-sun, who served as co-CEO until last year, will support Coway as a non-executive advisor after his retirement.
Additionally, through this '2023 Regular Executive Personnel Appointment,' three executives were promoted and two were newly appointed as executives.
Seo Jang-won, CEO of Coway, said, "Although the global economic situation is challenging, this year we have set the direction as 'Coway strong in crisis, Coway taking on challenges,' and we will strengthen our core business competitiveness for this purpose. We will also secure future new growth engines and lay the foundation for Coway's leap as a global company to achieve sustainable growth."
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