Alphabiz - SK, which made a generational change at the head of its affiliates for the first time in 7 years, appointed his cousin Choi Chang-won as Supex Chairman.

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] SK has carried out a major reorganization in seven years, including the appointment of Vice Chairman Choi Chang-won (59) as chairman of the SK Supex Pursuit Council, the group's top decision-making body.

It is characterized by strengthening future competitiveness, replacement of generations through forward deployment of CEOs in their 50s, management efficiency such as reducing executives, and heavy use of total family members amid the recent deterioration of the group's overall performance.

SK said it held the SK Supex Pursuit Council on the 7th to vote on a new appointment, including the chairman, and shared and discussed the details of the CEO and other executives decided by the board of directors of each related company.

It seems to have replaced all major vice chairmen who have led the group and put Choi, the cousin of Chairman Choi Tae-won, as chairman.

SK Supex Pursuit Council, the top consultative body of SK Group, will be attended by more than 20 major affiliates such as SK Corporation, SK Innovation, SK Hynix, and SK Telecom. The actual status and in-house position of the two-year term chairman representing the council is known as the 'second-in-command of the group'.

Choi is the third son of the late SK founder Choi Jong-gun (died in 1973). The founder Choi succeeded SK Group to his younger brother, the late former chairman Choi Jong-hyun (died in 1998), and Choi Tae-won, the son of the former chairman, owns the group's management rights today.

Choi, who joined the company in 1994 as the head of the management planning department of Sunkyung Group, became the CEO of SK Discovery, an intermediate holding company, in 2017. Choi, who is known as a "walkerholic" with a serious personality, is known to be trusted by his cousin, Choi.

Currently, Vice Chairman Choi is the largest shareholder with a 37.54% stake in SK Discovery. He is also the vice chairman of SK Gas and the vice chairman of SK Management Economic Research Institute.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)