Shinsegae has appointed Lee Seok-goo, the CEO of Shinsegae DF, as the head of its department store division. The company has restructured its existing Planning and Strategy Division into the Department Store Division, placing a president-level executive in charge to oversee audit and management control functions. This move is expected to accelerate the overhaul of Shinsegae's management control system under the leadership of Chairwoman Jeong Yu-kyung.
On November 6, Shinsegae announced the appointment of Lee Seok-goo as the new head of the department store division. Lee will continue to serve as CEO of Shinsegae DF while taking on the additional role. Kim Sun-ho, who previously led the Planning and Strategy Division, will now head the Support Division.
The key focus of this appointment is to strengthen audit functions and establish a systematic management framework. Shinsegae aims to enhance internal management and oversight across the company while increasing functional expertise to ensure sound management practices.
Previously, the Planning and Strategy Division managed key support functions such as human resources, audit, finance, and public relations. With this organizational restructuring, the department store division will assume these responsibilities, and its leadership has been elevated to the president level. However, details regarding specific organizational changes and positions have yet to be finalized.
The new division head, born in 1949, graduated from Yonsei University with a degree in business administration and joined Samsung C&T in 1975. He has held various positions, including Senior Vice President of the Support Division for Shinsegae's department store division in 1999, Vice President of the Support Division for E-Mart, and CEO of Chosun Hotel.
Since 2007, he has served as CEO of Starbucks Coffee Korea and transitioned to President of the JAJU division at Shinsegae International in 2020. He has also held roles as head of Shinsegae's New Growth Promotion Committee and CEO of Shinsegae Live Shopping, and has been CEO of Shinsegae DF since September of last year.
This appointment is seen as a move to strengthen the role of the management control organization under Chairwoman Jeong Yu-kyung. It reflects Shinsegae's efforts to enhance core support functions such as human resources and audit while improving the management capabilities of the department store division.
A Shinsegae representative stated, "Through this appointment, we aim to further strengthen the company's management system and enhance functional expertise to support sustainable growth, while solidifying trust with the market and customers."
* This article has been translated by AI.
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