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SK Group reshuffles energy leadership

SK Group conducted its annual executive reshuffle Friday, retaining the CEOs of major affiliates, including record-setting SK hynix, while reshuffling management at its energy-related units. Having replaced numerous affiliate CEOs last year, the group focused this time on maintaining leadership stability while promoting executives with specialized expertise to enhance business competitiveness. SK…

SK Group reshuffles energy leadership

SK Group recently conducted its annual executive reshuffle, maintaining the leadership of key affiliates while optimizing management within its energy-related units. The company had made significant changes to its affiliate CEO roster the previous year and, this time, prioritized stability and the promotion of executives with specialized knowledge to bolster competitiveness.

SK hynix CEO, Kwak Noh-jung, who has steered the company since March 2022, will retain his position. SK Group's holding company, SK Inc., also kept CEO Jang Yong-ho on board, but with a shift in responsibilities. Jang will relinquish his role as CEO of SK Innovation to concentrate on the leadership of the holding company.

In a strategic move to accelerate SK Group's portfolio restructuring, SK Inc. elevated Kim Sun-hyuk, head of strategy at SKC, to the position of president overseeing portfolio management. This change comes as part of the company's efforts to bolster its business operations.

In the energy and chemicals sector, SK Group appointed leaders with expertise in managing external risks and developing new businesses to crucial leadership roles. SK Innovation named Cheong Seung-il, president in charge of future growth at the group, to further enhance its competitiveness and drive innovation.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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