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, Hanwha Group appoints new CEOs for 7 subsidiaries
Includes CEOs for Hanwha Ocean and Hanwha Energy,
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, ‘Kim Dong-gwan, the son of Hanwha Group Chairman Kim Seung-yeon, has been appointed as the new CEO of Hanwha Impact Investment division, responsible for leading Hanwha’s future innovative technologies sector.’,
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, ‘On the 29th, Hanwha Group announced the appointment of 8 new CEOs for 7 subsidiaries including Hanwha Impact Investment, Hanwha Ocean, Hanwha Systems, Hanwha Energy, Hanwha Power Systems, Hanwha Momentum, Hanwha Asset Management. In particular, Vice Chairman Kim will also serve as the new CEO of Hanwha Impact Investment division, actively seeking new growth engines for the petrochemical business in a challenging market environment. Specifically, he plans to focus on proactive investments in strategic businesses such as future innovative technologies and expand into global markets through a global network. Moon Kyung-won, a petrochemical expert and current PTA Business Manager at Hanwha Impact, has been nominated as the new CEO of the Hanwha Impact division.’,
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, ‘Kim Hee-cheol, the CEO of Hanwha Energy and Hanwha Impact, will take over as the CEO of Hanwha Ocean. The nominated Kim has previously served as the inaugural CEO of Hanwha Total (formerly Samsung Total) in 2015, leading the stabilization and performance improvement, and overseeing various energy subsidiaries including Hanwha Q Cells and Hanwha Energy. He is described as a suitable candidate to lead Hanwha Ocean’s growth and innovation, driving the leap to become a “global ocean solutions provider” by strengthening the energy value chain within Hanwha Group and creating synergies with subsidiaries.’,
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, ‘Son Jae-il, the CEO of Hanwha Systems, has been nominated as the CEO of Hanwha Aerospace. Son will concurrently serve as the CEOs of both companies. Son, a defense industry expert who has led Hanwha Land Systems and Hanwha Defense, has been introduced by Hanwha Group.’,
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, ‘Lee Jae-gyu, the current Planning Manager of Hanwha Energy, has been nominated as the CEO of Hanwha Energy. The nominee plans to strengthen the core business competitiveness through his experience in the energy sector and global expertise, aiming to grow Hanwha Energy into a top-tier developer in the US.’,
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, ‘Lee Goo-young, the former head of Hanwha Solutions’ Q Cells division, has been nominated as the CEO of Hanwha Power Systems. The nominee, a global strategy specialist who has led overseas business expansion for the group, will lead the Hanwha Power Systems business. Additionally, Ryu Yang-sik, the current Battery Business Manager at Hanwha Momentum, has been nominated as the CEO of Hanwha Momentum. Ryu, with a background in production technology engineering and experience in establishing global secondary battery production infrastructure, possesses expertise in production processes. Furthermore, Kim Jong-ho, the current General Manager of Alternative Investment Business and Future Strategy at Hanwha Asset Management, has been nominated as the new director of Hanwha Asset Management.’,
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, ‘Hanwha Group stated that this round of CEO appointments is characterized by the proactive reassignment of key executives with business expertise and global capabilities to effectively respond to uncertain domestic and international business environments.’,
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, ‘The nominated CEOs will be formally appointed after going through shareholder meetings, board meetings, and other necessary procedures in each company. Each company plans to establish the optimal organization under the new CEOs, formulate next year’s business strategies early, and execute business plans based on them.’,
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