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Hanwha Group names 5 new CEOs

Hanwha Group said Wednesday it has appointed new chief executives of its five affiliates as part of its sweeping reshuffle aimed at reinforcing its charge into sunrise industries.

The Korean conglomerate said it also promoted 102 employees to executive positions, up from 90 last year.

The new commanders-in-chief are Shim Kyung-seop at the group’s industrial powder unit, Park Se-hoon at Hanwha Galleria, Han Woo-je at Hanwha Venture Capital, Lee Yul-guk at Hanwha 63 City and Kwon Hyuk-woong at Yeosu Cogeneration.

Hanwha said it has picked Park, Han and Lee for their expertise in their respective fields ― marketing, asset management and insurance. Shim and Kwon were insiders who were said to have shown passion and professionalism.

The executive shake-up was focused on units in charge of new growth engine areas such as solar energy and biopharmaceuticals, the group added.

“The reshuffle is characterized by a change of generations and intended to pursue innovation and challenges despite tough business environments,” Hanwha said in a statement.

By Shin Hyon-hee (heeshin@heraldcorp.com)
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