CJ Group goes through largest reshuffle
The highest promotions that came this day were appointments of CJ CheilJedang’s new CEO, Shin Hyun-jae, 56. amd CJ Corporation’s CEO Kim Hong-ki, 52.
Shin entered CJ O’Shopping in 2000 and has also served at CJ Korea Express. His former position was as chief operating officer at CJ Corporation.
Kim also joined the group in 2000, starting with CJ CheilJedang. He was the HR executive for CJ Corporation since 2014 and received positive feedback for pulling in talented personnel to the company’s core.
Kang Sin-ho of CJ CheilJedang’s food business unit, CJ Korea Express’ Sohn Kwan-soo and CJ O’Shopping’s Heo Min-heoi were promoted from vice president to chief executive vice president. All three will maintain positions as heads of their respective affiliates.
Among the 81 on the list, 42 newly entered the group’s executive level, which is the largest in CJ’s history. By age, the list started with those in their late 30s.
CJ Chairman Lee Jay-hyun’s daughter, Lee Kyeong-hoo, who heads CJ’s marketing in the United States, and his son-in-law, Jung Jhong-hwan, CEO of CJ America, were both promoted one rank higher from executive director. The first third-generation member of the group’s founding family to join CJ’s core personnel, Lee and her husband both entered the executive level in March.
In the top-executive level, there was a generational transition as CEOs of CJ’s most prominent subsidiaries, such as CJ CheilJedang and CJ Corporation, were replaced by executives in their 50s. In the past, CEO-level positions at Korean conglomerates were conventionally occupied by executives in their 60s.
The volume of CJ’s reshuffle and the appointment of younger CEOs demonstrates the conglomerate’s will to expand and implement a more aggressive business strategy next year.
Chairman Lee was pardoned in August of last year after serving two and a half years in prison for business malpractice, but it was not until May that he made an official comeback to CJ’s administration.
Friday’s announcement also included organizational reform in two of the group’s core subsidiaries, CJ CheilJedang and CJ Corporation.
In terms of its business portfolio, CJ CheilJedang is largely divided into four divisions: food, food ingredients, bio (bioscience products like MSG) and feed and livestock. According to the reform plan, these four categories will be merged into two larger departments, food and bio, which will be headed each by chief executive vice president Kang Sin-ho and CEO Shin Hyun-jae to enhance management efficiency.
CJ Corporation established a planning office, a management strategy team and a research institute for future management under Choi Eun-seok, the company’s business planning executive.
BY SONG KYOUNG-SON [email@example.com]