[Alpha Biz=(Chicago) Reporter Paul Lee] The CEO of Hanssem, the No. 1 furniture company, will be replaced.

According to the investment industry today (12th), IMM Private Equity, which acquired Hanssem, appointed Kim Yu-jin, head of IMM Operations, as its new CEO.

Kim will be elected as the representative after a vote at the board meeting tomorrow.

Kim graduated from the Computer Science Department of the Korea Advanced Institute of Science and Technology (KAIST) and received a master's degree from Seoul National University Business School.

After that, he joined IMM PE, a domestic private equity fund, in 2009 through Boston Consulting Group (BCG) and led the acquisition of Hollys F&B and Lezhin Comics.

Currently, I am also the CEO of Able C&C, which runs the cosmetics brand Missha.

Industry sources say that IMM PE may be replacing CEO Kim Jin-tae due to poor performance.

CEO Kim, who took office in January last year, focused on strengthening the online sector, but failed to produce any significant results and lost 21.7 billion won last year.

Hanssem posted an annual deficit for the first time since its listing on the stock market in 2002.

IMM PE acquired Hanssem jointly with Lotte Shopping in 2021 and became the largest shareholder by signing a stock trading contract with Hanssem founder and honorary chairman Cho Chang-gul.

 

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