Comprehensive paper company KleanNara reappointed Chief Executive Lee Dong-yeol and is speeding up efforts to normalize management.
KleanNara said it held a regular shareholders meeting on the 27th and approved the agenda to reappoint CEO Lee.
Lee said, "In a situation where external uncertainty persists, we are focusing on substantial management centered on structural innovation and profitability rather than top-line growth," and added, "We will accelerate management normalization by advancing our data-based decision-making system and establishing a corporate culture focused on business structure improvement and execution."
KleanNara posted 508.2 billion won in revenue and an operating loss of 22.6 billion won last year.
At the shareholders meeting that day, the reappointment of Chief Operating Officer (COO) Choi Jeong-gyu as an inside director was also approved. COO Choi is the younger brother of Chair Choi Hyun-su, the third-generation owner leading KleanNara.
KleanNara is also pushing for business diversification by passing an amendment to its articles of incorporation to add the distribution and sales of healthcare devices and beauty devices to its business purposes.