Samyang Group executive reshuffle: Kim Ji-seop and Jeong Ji-seok named as next CEOs

[Financial News] Samyang Group has named Kim Ji-seop, a vice president at Samyang Holdings Corporation, and Jeong Ji-seok, head of the Food Group at Samyang Corporation, as the respective nominees for the next CEO positions. The two are expected to be appointed CEOs after the regular shareholders’ meeting next March and other related procedures. Eom Tae-ung, CEO of Samyang Holdings Corporation, who joined the company in 1983 and has worked there for 43 years, will step down from the front line of management.
Samyang Group said on the 2nd that it had carried out its regular executive reshuffle, focusing on organizational stability and sound management. The reshuffle and organizational changes took effect on the 1st.
Vice President Kim Ji-seop has been appointed head of the Staff Group at Samyang Holdings Corporation and will concurrently serve as head of its Finance and Accounting Office. Born in 1961, Kim joined Samyang Corporation in 1988 and served as head of the Secretary Team and the Accounting Team before being promoted to vice president in 2019. He has since held positions including head of the Finance and Accounting Office at Samyang Holdings Corporation. Samyang Group said it appointed Kim to establish a culture of compliance and strengthen its financial capabilities.
CEO Eom Tae-ung will step down from the front line of management following this reshuffle. According to Samyang Group, Eom decided to step down after considering that the organizational atmosphere had settled following the collusion case and that efforts to expand the food business, including a merger and acquisition involving a Japanese flavor company last June, were underway.
Jeong Ji-seok has been appointed head of the Food Group at Samyang Corporation. Born in 1971, Jeong joined Samyang Corporation in 1995 and has held positions including head of the Food Marketing Team, head of marketing, head of HRC, and head of the Food BU. This year, Jeong concurrently served as acting head of the Food Group, which had been vacant, and head of the Food BU. Samyang Group cited the stabilization of organizational operations during this period as the reason for the appointment. Samyang Corporation plans to focus on strengthening the competitiveness of its specialty food business under Jeong’s leadership.
[email protected] Kim Mi-hee Reporter