Aekyung reshuffles its management
The company removed an extra layer of management by moving the heads of its business divisions to chief executive roles.
Under the old system, the group categorized its 43 affiliates under three business divisions: airlines and consumer goods, chemicals, and retail.
After the reshuffle, Chae Dong-seok, who led the retail business unit, will be CEO of affiliate Aekyung Industrial. Ahn Yong-chan, who led the airline business unit, will be CEO of the group’s low-cost carrier, Jeju Air.
The executives will take their new positions starting Aug. 1.
BY JIN EUN-SOO [firstname.lastname@example.org]