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CGV chief appointed co-CEO of CJ Corporation

Published: 18 Nov. 2024, 18:34 Updated: 18 Nov. 2024, 19:35

CHO YONG-JUN
[email protected]

CJ Corporation's new co-CEO Heo Min-heoi [CJ GROUP]

CJ Corporation is reshuffling its management team, including the leaders of its subsidiaries across holdings, commerce and cinema.

The scale of the changes was relatively modest, as the company underwent a major shake-up in February, replacing the CEOs of CJ CheilJedang and CJ Logistics following lower-than-expected performance at the affiliates. The appointment of Kang Shin-ho as chief of the food conglomerate, in particular, aimed to rescue the company's growth following plummeting 2023 earnings.

Jeong Jong-min, currently head of CGV Mars Cinema Group, the company's Turkish arm, will take over Heo's role as CGV CEO. [CJ GROUP]

Heo Min-heoi, currently CEO of multiplex unit CGV, will take on the role of co-CEO of CJ Corporation, handling the holding company's external affairs. Heo joins incumbent CEO King Hong-ki, who will retain that role and handle internal matters. Jeong Jong-min, currently head of CGV Mars Cinema Group, the company's Turkish arm, will take over Heo's role as CGV CEO.

Yoon Sang-hyun, who headed CJ ENM's entertainment and commerce division, will be the CEO of the company. [CJ GROUP]

Heo started his career at CJ CheilJedang in 1986 and has also served as the CEO of CJ Foodville, CJ OliveNetworks, CJ O Shopping — currently known as CJ Onstyle — and CJ ENM.

CJ Corporation praised Heo for “spearheading the company during the Covid-19 pandemic, improving profitability and bringing changes to the theater business structure.”

Yoon Sang-hyun, who headed CJ ENM's entertainment and commerce division, will be the CEO of the company.

The company also appointed Senior Managing Director Lee Sun-young to lead CJ ENM’s commerce division, the operating body of the e-commerce platform CJ Onstyle.

Bang Jun-sik will take over as CEO of CJ 4DPLEX, a subsidiary of CGV responsible for developing its 4DX and Screen X technologies, as its youngest chief executive and the conglomerate's first born in the 1990s.

Bang worked on “BTS: Yet To Come in Cinemas” and “Coldplay: Music of the Spheres” concert films that utilized the company’s Screen X panoramic film format.

BY CHO YONG-JUN [[email protected]]