Shinsegae promotes young executives in Emart reshuffle
Shinsegae Group’s Emart announced a major personnel reshuffle on Thursday.
Emart said it reduced the total number of executives and appointed younger employees to top positions.
The focus of the reshuffle was transformation, innovation and establishing a foundation for growth, according to the company.
Emart CEO Kang Heui-seok has been appointed as the CEO of Emart’s e-commerce operator SSG.com, replacing former SSG.com CEO Choi Woo-jung. Kang will be managing both the online and offline retail business, which Emart hopes will now work more closely together.
A law graduate of Seoul National University, Kang earned an M.B.A. degree at the University of Pennsylvania’s Wharton School. Kang worked as a retail consultant at Bain & Company before joining Emart last year. He was the first outside appointee for the CEO position since the company was established in 1993.
Convenience store franchise Emart24 CEO Kim Song-yong was named the CEO of Emart Everyday, a supermarket chain. Kim Jang-wook, CEO of Shinsegae I&C, an IT service provider, was appointed as the CEO of Emart24.
Sohn Jeong-hyun, executive vice president at Shinsegae I&C, was named the new CEO of the company.
Song Hyun-suk, Shinsegae Food’s chief marketing officer, was appointed CEO of Shinsegae Food, while Lee Ju-hee, Shinsegae Group chief administration officer, was named co-CEO of Shinsegae E&C.
Shinsegae E&C is an engineering and construction company.
“The appointments were made for the right people that could practically contribute to preparing for the group’s future and overcome the challenging management environment,” said Shinsegae Group in a statement. “Even in the future, [Shinsegae Group] will continue to make appointments strictly based on competence and accomplishments.”
Executives assumed their new roles on Thursday.
Shinsegae Department Store will be announcing its own reshuffle in December.
BY JIN MIN-JI [firstname.lastname@example.org]