Misto Holdings (formerly FILA Holdings) said on the 26th that founder Chair Yoon Yoon-soo will step back from front-line management and be named honorary chair.

Misto Holdings founder Yoon Yoon-soo (left), honorary chairman, and his son Yoon Geun-chang, CEO. /Courtesy of Misto Holdings

Honorary Chair Yoon acquired the sports brand FILA and Acushnet, owner of the world's No. 1 golf brand Titleist. By successfully leading global mergers and acquisitions (M&A), Yoon expanded Misto Holdings to annual revenue of 4.5 trillion won.

Misto Holdings will shift to leadership under CEO Yoon Geun-chang, the eldest son of Honorary Chair Yoon. After joining Misto USA (formerly FILA USA) in 2007, Yoon served as head of strategic planning at Misto Korea (formerly FILA Korea), among other roles.

A Misto Holdings official said, "The innovation and spirit of challenge that Honorary Chair Yoon created will continue to be the foundation of the company," adding, "This transfer of the system is a structured leadership transition in terms of management continuity and corporate sustainability."

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