Samsung C&T promotes three execs
Lee Young-ho, formerly an executive vice president, was appointed president of the engineering and construction division.
Koh Jung-suk was promoted from executive vice president of trading and investment to president of the same division, the company said.
Executive Vice President Chung Keum-yong was elevated to head of the resort business and CEO of Samsung Welstory, the conglomerate’s catering service provider.
Samsung C&T cited Lee’s role in driving “the expansion and growth of Samsung C&T’s global business” as the reason behind his appointment. Lee previously served as chief financial officer and head of corporate management at the engineering and construction division.
Koh, who has been chief of the planning team at the trading and investment division since 2015, previously led the company’s chemicals and industrial materials business, according to the company.
Chung, former head of human resources at Samsung Electronics, had been in charge of overall operations at Welstory since last year.
“Together with our colleagues at Samsung C&T, we have had a tremendous journey of achievements and challenges,” the new heads said in a joint statement.
“We are confident that our successors will continue to deliver many success stories for the company.” The executives’ new roles took effect immediately after the announcement.
The company said their predecessors - Choi Chi-hun, Kim Shin and Kim Bong-yung - resigned, citing “the right time had come for the next generation of leaders to take on greater responsibilities.”
Choi, the previous chief executive of engineering and construction, will retain the honorary title of executive chairman, the company said.
Samsung C&T added that the new leaders would join the board of directors at the company’s next general shareholders meeting in March.
BY CHOI HYUNG-JO [firstname.lastname@example.org]