
Posco Group on Monday announced a leadership reshuffle, focusing on proven talent from its inner circle, streamlining operational structure and tackling business uncertainties.
Among the six new CEOs at key affiliates, Lee Hee-geun, a Posco vice president and head of the facility stabilization task force, was appointed as the steel giant's president. Lee will oversee the restructuring of low-profit businesses and enhance operational competitiveness, leveraging his extensive experience as deputy head of Pohang Steelworks and president of Posco M-Tech.
Jeong Hee-min, a vice president and head of the architecture business division at Posco E&C, was promoted to the construction arm's president.
Eom Gi-chen, Posco Future M's vice president and head of the energy materials division, was promoted to its president, while Shim Min-suk, a senior executive officer and head of the digital innovation office, was named president of the logistics unit, Posco DX.
The appointments will take effect following respective shareholders meetings and board approvals.
Meanwhile, the group is also restructuring to simplify decision-making and create an agile system capable of responding swiftly to business changes. "For next year, the group likely seeks to build a leaner, more resilient structure while pursuing solutions to establish leadership in the global materials industry," a Posco offical said.
Posco Holdings has adopted a headquarters system to centralize decision-making by consolidating future growth investment functions under the future strategy headquarters and business management functions under the business synergy headquarters.
Key initiatives include creating a nuclear power cooperation task force to manage nuclear power self-generation and hydrogen production projects, establishing an India project yeam to accelerate investments in India and launching the Australia core resources research center to secure critical minerals and strengthen raw material supply chains.
To enhance safety and sustainability, Posco has bolstered its safety and environmental functions by establishing a blast furnace stabilization task force and placing safety oversight directly under the president's office.
The group's main subsidiaries are also undergoing structural reorganization to boost efficiency and synergies.
Posco International has consolidated its trading divisions into two headquarters — "steel" and "materials and bio" — from three, and merged its energy operations into a single energy business development headquarters to optimize the energy value chain.
Posco E&C has combined its green energy sales and project divisions into the energy business division and launched a business structure innovation task force to strengthen its core portfolio and refine processes.
Posco Future M has integrated the energy materials research institute and basic materials research group under the president’s direct supervision to enhance R&D capabilities.
Posco DX has dissolved its logistics automation promotion team and shifted its focus to digital transformation technologies and new growth opportunities.