Kim Bong-jin, the founder of Woowa Brothers, has stepped down from his position as CEO. It has been 12 years since he founded Woowa Brothers, the operator of 'Baedal Minjok', in March 2011.
According to Woowa Brothers on the 15th, Lee Guk-hwan was officially appointed as CEO at the board meeting held last month, and founder Kim Bong-jin relinquished his CEO position.
Former co-CEO Kim Beom-jun also declined the renewal offer last year, so Woowa Brothers is currently operated under the sole leadership of CEO Lee. A Baemin official said, "We entrusted responsibility and authority to CEO Lee and transitioned to a single CEO system to allow the new CEO to manage with full responsibility."
Founder Kim Bong-jin holds an 8.36% stake in Woowa Brothers. He also retains the position of chairman of the board at 'Woowa DH Asia', a joint venture established by Delivery Hero (DH) and Woowa Brothers.
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