Kolon Group Announces Regular Executive and Officer Appointments... Heo Seong Appointed New CEO of Kolon Industries

Heo Seong, the new CEO of Kolon Industries' Manufacturing Division. Photo by Kolon

On the 12th, Kolon Group carried out a regular executive and director personnel reshuffle involving a total of 30 people, appointing Heo Seong, Vice President and CEO of Kolon ENP, as the new President and CEO of Kolon Industries Manufacturing Division.

Heo, the newly appointed CEO, joined the group in 2021 after working at chemical companies such as AkzoNobel and Samhwa Paints, and served as Chief Strategy Officer (CSO) of Kolon Industries. Since last year, he has been serving as CEO of Kolon ENP, leading various changes and innovations including renaming the company and reorganizing the structure, as well as pioneering new business areas.

Along with Heo’s promotion and transfer, Kim Young-beom, President and CEO of Kolon Industries Manufacturing Division, was appointed as President and CEO of Kolon ENP, and Bang Min-su, Vice President and CEO of Kolon Glotech, was newly appointed as Vice President of Kolon Industries Manufacturing Division.

From the left in the photo: Kim Young-beom, CEO of Kolon ENP; Jung Deok-yong, CEO of Kolon Glotech; Choi Hyun-seok, CEO of Kolon Mobility Group New Business Division; Kang Yi-gu, CEO of Kolon Mobility Group Automotive Division; Yoo Seok-jin, CEO of Kolon Fnc Division. Photo by Kolon Group

This is interpreted as an effort to create synergy between manufacturing and technology businesses and to strengthen business competitiveness. Jung Deok-yong, Executive Director and Chief Financial Officer (CFO), was appointed as the new CEO of Kolon Glotech. Additionally, Yoo Seok-jin, CEO of Kolon Industries FnC Division, will concurrently serve as CEO of Kolon Group’s China holding company, actively pursuing global market expansion of the fashion business.

Furthermore, Kolon Mobility Group has divided its divisions: the automotive business division will be concurrently led by Kang Yi-gu, Vice President and CEO of Kolon Benit, while the newly established new business division will be led by Choi Hyun-seok, Executive Director, as co-CEO to promote new business initiatives.

Kolon Group explained, "Through the regular executive and director personnel reshuffle, we aim to pursue changes toward a new management system and actively promote strengthening business competitiveness and portfolio. We plan to solidify the foundation for enhancing the group’s future value and sustainable management."

Among the eight newly appointed executive directors, about 75%, or six, are in their 40s, maintaining the trend of change and innovation through generational replacement. The selection of female talents also continued, with a total of four female executives promoted. This personnel reshuffle will be finalized after going through the boards of directors of each affiliate.