LS Group shifts 36 executives in annual moveKoo Ja-kyun, vice chairman of LSIS, a major Korean electricity solutions provider, was promoted to the position of CEO in LS Group’s annual reshuffle.
The country’s 16th-largest conglomerate said on Thursday that it has reshuffled 36 executives including Ja-kyun, who is a younger brother of the group’s chairman, Koo Ja-yeol. Koo Ja-eun, president and CEO of LS Cables & Systems was promoted to CEO & vice chairman of LS Mtron, a tractor manufacturer.
The company said Ja-kyun, the former LSIS vice president, has led the improvement in the company’s global competitiveness in high voltage direct current transmission technology since 2008. It said Ja-eun led LS Cables & Systems to become more competitive in its core businesses including superconducting cables. The company said it expects the new LS Mtron CEO to improve its tractor and electronic parts businesses, which will be a major area of business in the future.
Lee Kwang-woo, or Ken Lee, the CEO of LS Corporation, was promoted to vice chairman of the company, and Lee Kwang-won was appointed as COO of LS Mtron.
The reshuffle will take effect Jan. 1, the company said.
BY KWON SANG-SOO [email@example.com]