Kim Hak-dong and Jeong Tak Re-elected for Second Term Marking Generational Change
Lee Si-woo Reconfirmed as Sole Representative
After Jang In-hwa was selected as the final candidate, POSCO Group carried out personnel appointments for the heads of its affiliates. Steelmaker POSCO appointed CEO Lee Si-woo to oversee overall management, and Yoo Byung-ok, head of Eco-friendly Future Materials, was appointed as the head of POSCO Future M.
Major Affiliate CEO Changes Based on Expertise
On the 21st, POSCO Holdings held a regular board meeting at POSCO Center and resolved to submit the nomination of the POSCO Group chairman candidate and internal and external director candidates as agenda items for the regular shareholders' meeting scheduled for the 21st of next month. Along with this, POSCO Holdings also carried out personnel appointments for the heads of major group affiliates.
POSCO appointed CEO Lee Si-woo to oversee overall management. Since joining POSCO in 1985, Lee has served as head of the Maharashtra subsidiary in India, director of the Gwangyang Steelworks, and head of the Production Technology Headquarters, establishing himself as a traditional steel expert with comprehensive expertise across the steelworks. He is expected to devise carbon-neutral transition solutions facing POSCO and improve profitability to strengthen the company’s leadership in the global steel market.
Yoo Byung-ok, head of Eco-friendly Future Materials at POSCO Holdings, was appointed as CEO of POSCO Future M. Yoo joined POSCO in 1989 and has held positions such as head of the Management Strategy Office, head of Raw Materials, and head of the Industrial Gas Hydrogen Business Division. As the top expert in eco-friendly future materials within the group, he is expected to lead the sustainable growth of the secondary battery materials business.
Lee Gye-in, head of the Global Division, was appointed CEO of POSCO International. The newly appointed CEO Lee joined Daewoo Corporation in 1989 and has extensive experience in steel trading and various business sectors including materials and food, having served as head of the Bangkok branch, Istanbul branch, HR Support Office, Parts and Materials Headquarters, Steel Headquarters, and Trade Division. He is expected to lead the organization stably while generating results in core business areas such as energy and drive motor cores.
Jeon Jung-sun, former CEO of POSCO Holdings, was appointed CEO of POSCO E&C. Jeon has served as head of POSCO’s Raw Materials Purchasing Office, head of the Management Strategy Office, CEO of POSCO Kangpan (now POSCO Steelion), head of the Strategic Planning Headquarters at POSCO, and head of Strategic Planning at POSCO Holdings. As a finance and strategy expert, he is expected to prioritize strengthening the financial soundness and project competitiveness of POSCO E&C, which is facing difficulties due to the downturn in the construction industry.
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