Westrise Recruits Current Executive from World's Largest Luxury Company LVMH

Westrise plans to recruit an executive from Louis Vuitton Mo?t Hennessy (LVMH), the world's largest luxury goods company.

According to the electronic disclosure by the Financial Supervisory Service on the 17th, Westrise has proposed adding business objectives and appointing new board members at the extraordinary general meeting of shareholders scheduled for the 31st.

Internal director candidate includes Im Shin-young, CEO of Human Wellness. CEO Im also leads Motiva Korea and Maison 21G Korea, subsidiaries of Human Wellness.

Westrise's largest shareholder is expected to change to Human Wellness, the largest shareholder of Motiva Korea, the number one breast implant market in Korea. Human Wellness plans to promote the distribution of beauty regeneration materials, recognized as next-generation PDRN (salmon sperm extract), sourced from an Italian pharmaceutical company.

For the non-executive director candidate, Wieg Dusse, President of LVMH Group Southeast Asia & Oceania and Vice President of the P&C division, has been nominated. This is reportedly the first time a current senior executive of LVMH has been recruited as an executive of a listed company in Korea.

Outside director candidates include Kim Myung-gu, former Vice President of CJENM E-commerce Business Division, and Kim Dong-rin, Head of Distribution Division at LF Networks. Auditor candidate is Kim Sung-kyun, CEO of Dodam Accounting Corporation.

Additionally, Westrise plans to add business objectives such as ▲medical device sales ▲medical device import ▲cosmetics sales ▲wholesale and retail of food and health supplements, and to enter the beauty material distribution business.