Overseeing Overall Business Operations and Manufacturing Division Separately
LX Hausys has newly appointed President No Jin-seo and Vice President Han Joo-woo as co-CEOs.
On the 26th, at the 16th regular general shareholders' meeting held at the LX Hausys headquarters in Jung-gu, Seoul, LX Hausys announced that President No and Vice President Han were appointed as inside directors and subsequently newly appointed as co-CEOs at the board meeting held after the shareholders' meeting. CEO No will oversee overall business operations, while CEO Han will be in charge of the manufacturing division.
LX Hausys explained, "From the perspective of strengthening business competitiveness, we have appointed two co-CEOs to oversee business and manufacturing."
At this shareholders' meeting, LX Hausys also newly appointed Choi Sung-kwan, CFO of LX Holdings, as a non-executive director, and appointed former Hyundai Patec CEO Won Jong-hoon and Professor Cheon Ui-young of the Department of Architecture at Kyonggi University as outside directors.
Additionally, the 2024 financial statements were approved, and dividends were confirmed at 1,000 KRW per common share and 1,050 KRW per preferred share.
Along with this, the articles of incorporation were amended to expand the number of directors from a minimum of 3 and a maximum of 7 to a minimum of 3 and a maximum of 9.
Jang-su Park, Executive Director and CFO of LX Hausys, stated, "Due to the domestic construction and real estate market downturn and global economic uncertainties, we expect this year’s business environment to remain challenging. In the domestic market, we will focus on expanding B2C (business-to-consumer) operations, and in overseas markets, especially in the U.S. and Europe, we will concentrate on launching locally tailored new products and acquiring new customers to improve profitability and prepare for future growth."
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