Third-generation family members take key roles at LS Group

LS Group has promoted three third-generation relatives of Chairman Koo Ja-yeol to senior executive positions.
LS Group announced its annual human resources reshuffle for the 2021 business year on Tuesday. The company said in a statement that the leaders of major affiliates will remain in office next year, including LS Cable & System, LS Electric and LS-Nikko Copper.
“Maintaining stability and minimizing change in the organization were a big focus in this annual reshuffle,” the company said. “While the big streak was maintaining the current structure, we appointed next-generations leaders for several subsidiaries as a way to prepare for the future.”
A total of 31 senior executives were promoted among top management-level positions.
Koo Bon-hyuck, the 43-year-old son of the late LS-Nikko Copper Chair Koo Ja-Myung was named president and CEO of Yesco Holdings. Yesco Holdings is an energy compay. Koo Bon-hyuck, whose father was the LS Group chairman's cousin, was formerly the senior executive vice president of the company.
Koo Bon-kyu, the son of LS Cable & System Chair Koo Cha-yub, was appointed CEO of LS Mtron. The 41-year-old, who is the nephew of the LS Group chairman, was previously the chief operating officer of the company.
LS Group Chairman Koo Ja-yeol's son Koo Dong-whi was also promoted to chief operating office of E1, a producer and distributor of liquefied petroleum gas.
Outside of the family, 58-year-old Jung Chang-si was also promoted to CEO of city gas company Yesco.
BY SONG KYOUNG-SON [song.kyoungson@joongang.co.kr]
More in Industry
Next on the agenda
Delivering on its promises
Nowhere to go
Budding guitar heroes
Commercial vehicle sales drop 6.9 percent in 2020
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)