GS Group promotes 30 in annual executive reshuffle

GS Group has promoted 30 executives in its annual reshuffle, the company said in a press release Tuesday.

The biggest promotions were the elevation of Chung Chan-soo to president of GS Group in charge of management support and Kim Hyung-kuk to president in charge of the petroleum business at GS Caltex.

Um Tae-jin will lead GS Sports, which manages FC Seoul, a professional football club.

Chung joined the company through GS Caltex in 1987 and has been in the group’s management support team since 2013.

Kim also entered GS through Caltex in 1987 and was promoted to the executive level in 2008.

Um joined the company in 1983 and has served as chief financial officer of GS Caltex since 2011.

GS Group also moved about 20 employees into executive roles.

Most of them are in their 40s, a move that GS Group said is intended to create an “agile and flexible company structure.”

By Choi Hyung-jo