Venture capital (VC) Atinum Investment will shift to a three-CEO system with Shin Gi-cheon, Lee Seung-yong, and Maeng Du-jin.
Atinum Investment said on the 4th that it decided to newly appoint President Maeng Du-jin as the new CEO. The company plans to finalize Maeng's appointment as the new CEO after the regular shareholders' meeting in Mar.
Maeng, the new CEO, holds a doctorate in engineering from Samsung Electronics Institute of Technology and is regarded as a veteran investment manager who has worked for more than 25 years to identify promising startups. Atinum Investment has put Maeng in charge of deep tech investments.
In particular, Maeng has built a broad portfolio in deep tech fields such as semiconductor materials, parts and equipment, and robots. In practice, Maeng also identified Openedges Technology and Clobot at an early stage.
With the addition of Maeng as the new president, Atinum Investment will shift from the existing dual CEO system of Shin Gi-cheon and Lee Seung-yong to a three-CEO system of Shin Gi-cheon, Lee Seung-yong, and Maeng Du-jin, with a policy to maximize efficiency in investment and operations.
Specifically, the new CEO Maeng will be exclusively responsible for sourcing new investments and fundraising, while CEO Shin will oversee overall management. CEO Lee was said to focus on expanding the company's external reach, including sourcing overseas investments and fundraising.
Atinum Investment said, "We naturally shifted the center of gravity of leadership to core frontline staff while segmenting expertise," adding, "We aim to build a sustainable management system."