On the 26th, Hanwha Group announced the appointment of CEOs for three affiliates: Hanwha Solutions Chemical Division, Hanwha Solutions Q CELLS Division, and Yeocheon NCC. Due to recent sluggish market conditions, this personnel announcement was made more than a month earlier than usual.
Nam Jeong-woon, the current CEO of Yeocheon NCC, has been appointed as the new CEO of Hanwha Solutions Chemical Division. Nam has held positions such as head of the Hanwha Solutions Chemical Division and Hanwha TotalEnergies business unit, demonstrating a high level of understanding and expertise in the chemical business overall.
The Hanwha Solutions Chemical Division needs to shift from its traditional commodity petrochemical-centered business structure to improve operations and strengthen market dominance by expanding high value-added specialty products. Nam’s meticulous business management skills and strong execution capabilities are expected to be of great help.
Hong Jeong-kwon, head of strategy at Hanwha Solutions Q CELLS Division, has been appointed as the new CEO of the division. Hong, an engineer by training, has accumulated broad experience in manufacturing, research and development (R&D), business planning, strategy, and mergers and acquisitions (M&A) within Hanwha Group.
With his stable management capabilities and global leadership demonstrated across various domestic and international roles, Hong is expected to play a significant role in helping Hanwha Solutions Q CELLS Division leap forward as a total energy solutions company.
Kim Myung-heon, head of the PTA business unit at Hanwha Impact, has been appointed as the new CEO of Yeocheon NCC. Kim possesses excellent expertise in NCC plant operations and management.
During his tenure as plant manager at Hanwha TotalEnergies, Kim actively contributed not only to strengthening plant competitiveness but also to discovering and enhancing new businesses and synergies. Yeocheon NCC is currently facing a challenging business environment due to oversupply caused by increased global facility investments. Kim’s extensive experience and expertise are expected to play a major role in improving manufacturing costs and enhancing mid- to long-term competitiveness.
The appointed CEOs will be officially confirmed through shareholders’ meetings and board of directors’ approvals according to each company’s schedule.
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