Ildong Holdoings, the holding company of Ildong Group, said on the 26th it will appoint President Choi Gyu-hwan as the new CEO. Choi has spent nearly 40 years with the group, building experience in sales, marketing and management support.
CEO Choi joined Ildong Pharmaceutical in 1987. Choi served as a manager for over-the-counter and prescription drugs, a project manager (PM), a sales branch manager, and a clinic and sales Director General. In 2014, Choi was promoted to managing director and led the global business institutional sector.
Choi moved to Ildong Holdoings in 2016 and served as the management support Deputy Minister. Choi became senior managing director in 2019, executive vice president in 2024, and was promoted to president in Jan. this year, serving as Ildong Holdoings chief operating officer (COO).
An Ildong Holdoings official said, "CEO Choi plans to focus on operating the holding company and supporting affiliates," adding, "based on responsible management, the company will concentrate on strengthening the efficiency of subordinate organizations and achieving performance." Incumbent CEO Park Dae-chang's term expires this month.