Shinsegae Group’s flagship affiliate E-Mart will be run under two chief operating officers who will be charged with overseeing the discount shop’s sales and management, respectively

December 2, 2013 Leave a comment

E-Mart to have two-track structure

Seo Jin-woo and Kim Tae-sung

2013.11.29 17:07:25

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Shinsegae Group’s flagship affiliate E-Mart will be run under two chief operating officers who will be charged with overseeing the discount shop’s sales and management, respectively. In a regular reshuffle carried out Friday, the group appointed incumbent E-Mart head Heo In-cheol, 53, as CEO of E-Mart’s sales and Kim Hae-sung, 55, as CEO of E-Mart’s overall management. Kim will also continue to serve as the CEO of the group’s corporate strategy office. Shinsegae E&C’s business structure will also be separated into two main functions. The incumbent President and CEO Yoon Ki-yeoul, 59, will oversee the construction division while Park Geon-hyun, an advisor at Shinsegae Department, 57, will take the helm of the company’s golf club division.
Shinsegae Food and Shinsegae SVN CEO Kim Sung-hwan has been promoted to President.
“We have decided to keep all the incumbent CEOs in their respective posts to strengthen responsible management but for some of the affiliates, we decided to introduce a professional management system for different business divisions in order to charge into new growth areas,” a Shinsegae official said.
Last year, the family-owned conglomerate carried out the biggest reshuffle since its founding, replacing eight CEOs at its affiliates. However, this year, the scale of personnel reshuffle has been greatly reduced. Group Vice Chairman Chung Yong-jin did not get promoted to chairman position while Koo Hak-su also stays put as Group Chairman.
The most eye-catching move in this year`s reshuffle is the rise of Kim Hae-sung as Kim takes the helm of business operations at the group’s biggest affiliate just one year after he moved from Shinsegae International to the group’s corporate strategy office last year.

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