LS Group retains CEOs of major affiliates... LS Cable & System Vice Chairman Koo Bon-gyu promoted

LS Group conducted executive personnel reshuffles for 2027 with an emphasis on organizational stability and continued growth.

LS Group held a board meeting on the 5th and announced that it had carried out executive reshuffle with the goal of pursuing organizational stability, including retaining most of the CEOs of major affiliates.

LS Group explained that this is to prepare for next year's uncertain business environment by minimizing organizational changes and to continue the trend of record-breaking performance due to the boom in the power business.

In addition, to enhance organizational vitality, the appointment of new directors was expanded to approximately 60% of all promoted employees, the largest ever.

The group has begun to seize future opportunities by promoting managers in the battery materials, permanent magnets, and power generation businesses, which are the group's future food businesses.

In this personnel change, LS Cable & System CEO Koo Bon-gyu was promoted to vice chairman.

Vice Chairman Koo will serve as CEO of LS Cable & System from 2022 and is credited with leading the growth of major subsidiaries such as LS Cable & System, Gaon Cable, LS Eco Energy, and LS Marine Solution, and leading the company to achieve the highest ever performance and orders by upgrading its business structure and strengthening its global competitiveness.

LS Cable & System Vice President Kim Hyung-won was promoted to president in recognition of his achievements in leading the energy business, expanding global orders and driving the growth of the submarine cable business, and was given charge of overall safety management as well as energy management.

Choi Won-jin, former CEO of Lotte Non-Life Insurance, who has extensive experience in the capital market and global capabilities while working at the Ministry of Finance and Economy and the International Monetary Fund (IMF), was hired as the head of the Management Strategy Division of LS Co., Ltd. Director Choi plans to inspect the group's future business and strengthen its financial strategy, including proactively responding to future industrial policies and trends.

Vice President Koo Bon-kwon, a third-generation manager at LS, will move from LS MnM to LS Mtron and contribute to strengthening LS Mtron's management stability as COO (Chief Operating Officer).

In this personnel appointment, one person was promoted to vice president, Bongyu Koo (LS Cable & System), one person was promoted to president, Hyeongwon Kim (LS Cable & System), one person was promoted to vice president, Wootae Kim (LS Cable & System), three people were promoted to executive directors, including Moonki Cho (E1), Byeongok Kim (LS Marine Solutions), and Youngho Hong (LS Materials), and those promoted to managing directors were Jeongil Byun (LS Cable & System), Heejung Kim, and Sohee Koo (LS ELECTRIC). There are nine people, including Seong-seok Kwak (LS MnM), Wan Go (LS Mtron), Jeon Jeon-man (E1), Tae-won Son (Gaon Cable), Chang-ho Oh (LS Metal), and Seong-jik Kim (GRM).

In addition, Dong-hee Geum, Hoe-deok Heo, Su-gil Lee, Chang-hoon Park (LS Cable & System), Sang-soo Lee, Young-moo Heo (LS ELECTRIC), Sang-gyun Ha, Chung-hwa Lee (LS MnM), Geun-bung Jeong, Seung-wook Do (LS Mtron), Hyeon-chang Park (E1), Jeong-min Lee, Koo Gu-kyung (INVENI), Jun-hwan Choi (YESCO), 17 people were appointed as new directors, including Se-jin Kwon (Gaon Cable), Jae-hyun Park (LS Metal), and Tae-gyu Kim (LS ITC).