Kwon Hyuk-woong, vice chairman of Hanwha Ocean... Vice Chairman Kim Dong-kwan will also join as a non-executive director
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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stockmk2020@alphabiz.co.kr | 2023-05-09 06:08:26
[Alpha Biz=(Chicago) Reporter Kim Jisun] Hanwha announced on the 8th that it has appointed Kwon Hyuk-woong, vice chairman of Hanwha's support division, as the new CEO of Daewoo Shipbuilding & Marine Engineering, which is seeking to revise its name as Hanwha Ocean. Prior to the personnel reshuffle, Kwon's position was promoted from president to vice chairman.
Kim Dong-kwan, vice chairman of Hanwha Group, will participate in the management as another non-executive director in consideration of his existing role in eco-friendly energy, defense and aerospace.
Former Hanwha Total Energy CEO Kim Jong-seo and former Hanwha Energy CEO Chung In-seop, who served as CEOs of Hanwha's major affiliates, were recommended as candidates for in-house directors, respectively.
Kwon Hyuk-woong, a former KAIST doctor, served as CEO of Hanwha Energy and Hanwha Total Energy. Since 2020, he has been the president of the ㈜Hanhwa Support Division and has focused on discovering Hanwha Group's future new businesses and enhancing synergy between companies. It has been leading the acquisition team since the announcement of the acquisition of Daewoo Shipbuilding & Marine Engineering in September last year, and plans to lead the PMI and early normalization of management after taking over as the new CEO of Daewoo Shipbuilding & Marine Engineering.
Hanwha Group will participate in the 2 trillion won paid-in capital increase in Daewoo Shipbuilding & Marine Engineering on the 23rd, securing a 49.3 percent stake in Daewoo Shipbuilding & Marine Engineering, while completing the acquisition process by changing its name and appointing new management through an extraordinary shareholders' meeting.
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