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CJ Group has reorganized its management in a major leadership reshuffle. The move saw the chief executive officers of the company's subsidiaries being replaced.
As per The Korea Times, CJ Group appointed new CEOs for its key subsidiaries and selected those who have already proven their business management capabilities. The South Korean holding company announced the new appointments on Friday, Feb. 16.
Appointed New Leaders
It was reported that the CJ Group named Kang Sin Ho, the CEO of CJ Logistics, to lead CJ CheilJedang as its new head. The conglomerate also promoted Shin Young Soo as CJ Logistics's new chief. He was previously managing the company's logistics arm's domestic business.
Kang joined the company through open recruitment in 1988, and his first job was as head of the company's human resources team. Later on, he also served as CJ Group's vice chairman. Shin was promoted after proving his management prowess when he introduced a new business model and proved its power in both the logistics and e-commerce industries.
Leadership Replacements Within the Company
Korea's Financial Today reported that the CJ Group announced more executive personnel appointments for this year. In total, the company made 19 new assignments and promotions.
CJ Logistics and CJ Olive Young had the highest number of promotions, with the former having six and the latter having four. It was emphasized that the replacements were largely influenced by the poor performance demonstrated by the group's food manufacturing arm, CJ CheilJedang.
"We have conducted personnel management strictly based on performance under the basic principle of 'where there is performance, there is promotion," an official at CJ Group said in a statement. "Despite the difficult management situation, we have carried out the smallest amount of executive promotions since 2020 in consideration of future growth."
