Hanwha Group on the 28th named three new CEOs for three affiliates: Hanwha Co. construction institutional sector, Hanwha Impact business institutional sector, and Hanwha Semitek.
Hanwha Group is conducting ad hoc personnel moves to adapt to the rapidly changing global business environment and to strengthen competitiveness by business.
Kim Woo-seok, currently head of finance at Hanwha Co.'s strategy institutional sector, has been named the new CEO of Hanwha Co.'s construction institutional sector. Kim, the CEO designate, has worked at Hanwha Group for more than 30 years, mainly in management and finance.
Based on expertise in this field, the plan is to focus on securing quality orders for Hanwha Co.'s construction institutional sector, improving financial soundness, and strengthening safety management.
Incumbent CEO Kim Seung-mo will move to Hanwha Aerospace's strategy institutional sector as head of defense strategy, where the role will be to establish future strategies for the defense business and identify new growth engines.
Yang Gi-won, the CEO designate for Hanwha Impact's business institutional sector, previously served as head of business development at Hanwha Chemical, head of strategic planning at Hanwha Solutions, and CEO of Hanwha Co.'s global institutional sector. Based on experience in business development and strategic planning and on global business capabilities, Yang plans to lead Hanwha Impact's strengthening of dominance in the domestic market and expansion into export markets.
Kim Jae-hyun, currently chief technology officer at Hanwha Foodtech, has been named the new CEO of Hanwha Semitek. The CEO designate, Kim, is a Veteran with more than 30 years in the domestic and overseas semiconductor equipment industry, including Samsung Electronics and Applied Materials. Kim has extensive experience and technical expertise in the semiconductor equipment business.
Kim is regarded as the right person to help Hanwha Semitek take the lead in the semiconductor equipment market by developing next-generation technologies such as hybrid bonders.
Hanwha Group said it strengthened the company's mid- to long-term competitiveness by placing management whose expertise, experience, and global business capabilities have been verified through this personnel move.
The affiliates plan to form new organizations under the responsibility of the new CEOs, establish next year's management strategy early, and execute business plans based on it. The CEOs named this time will be finally appointed after going through general meetings of shareholders and boards of directors according to each company's schedule.