Yeo Seungjoo, CEO and Vice Chairman of Hanwha Life Insurance, is reportedly moving to the position of Group Vice Chairman. Hanwha Life Insurance is expected to transition to a co-CEO system, with Lee Kyungkeun and Kwon Hyukwoong each serving as co-CEOs.
According to industry sources on June 20, Hanwha Group is planning to implement these executive changes effective July 1.
Vice Chairman Yeo has led Hanwha Life Insurance since 2019, spearheading innovation in insurance sales channels and improving profitability. He was promoted to Vice Chairman in 2023 and successfully secured a third consecutive term.
He is credited with significantly strengthening the company's business portfolio, including the launch of Hanwha Life Financial Services, the expansion of the corporate insurance agency (GA) channel, and the enhancement of digital-based health insurance.
Vice Chairman Yeo will assume the role of Vice Chairman in the group's top strategic planning organization, the Management Planning Office. He is expected to lead group-wide strategy development and the pursuit of new growth engines.
With Vice Chairman Yeo moving to the position of Group Senior Vice Chairman, Hanwha Life Insurance is likely to shift from a single CEO system to a co-CEO structure.
Lee Kyungkeun, CEO of Hanwha Life Financial Services, and Kwon Hyukwoong, CEO and Vice Chairman of Hanwha Ocean?who have been nominated as the new co-CEOs?are expected to establish a joint management system at Hanwha Life Insurance.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
