■ Strengthening collaboration across organizations and restructuring capabilities through human resource reforms; declaration of organizational restructuring and appointments of new executive personnel on December 7

– Park Sang-kyu, the current CEO of SK Enmove, has been appointed as the new CEO of SK Innovation

– SK Energy, SK On, SK Enmove, SK Trading International, and SK Incheon Petrochem have also appointed new CEOs

■ SK Innovation to enhance its managerial functions in the capacity of an intermediate holding company, emphasizing the integration of the strategy and finance sectors

■ Highlighted the implementation of a swift decision-making system to enhance the execution capabilities of subsidiaries and reinforce accountability for achieving financial objectives

On December 7, SK Innovation and its affiliates implemented organizational and executive personnel restructuring set for 2024, with a primary focus on preparedness for an unpredictable business landscape and the improvement of inter-organizational synergy through personnel reforms.

Park Sang-kyu, the current CEO of SK Enmove, has been appointed as the new CEO of SK Innovation. He has demonstrated both strategic planning capabilities and on-site business acumen, drawing from his extensive business background within the organization. In his role as the new CEO, it is anticipated that he will play a key role in enhancing internal stability and fostering sustainable growth amidst the uncertainties of the business environment.

CEO Park joined Yukong, the predecessor of SK Innovation, in 1987 and served in major departments such as Head of Retail Marketing Division at SK Energy, Leader of Retail Strategy Team and Head of Planning Division at SK Corporation, and Chief Operating Officer, Walkerhill, SK Networks at SK Networks, then CEO & President of SK Networks from 2017 to 2022. In 2023, he was appointed to be the CEO & President of SK Enmove.

Oh Jong-hoon, the current Head of SK Energy P&M (Platform & Marketing) CIC (Company in Company), was appointed as the new CEO of SK Energy. In the past, he served as an executive of Portfolio Management at SK Holdings (now SK Inc.) and Head of SK Energy’s BM Innovation Division. CEO Oh is expected to contribute to strengthening SK Energy’s competitiveness based on his abundant experience and capabilities of energy marketing.

Lee Seok-hee, former CEO of SK Hynix, was newly appointed as CEO of SK On. CEO Lee served as Process Integration Manager at Intel, and an Associate Professor of Electrical and Electronic Engineering at KAIST (Korea Advanced Institute of Science and Technology). At SK Hynix, he was the Head of DRAM Product and Technology Division, COO, then CEO and President of SK Hynix. As a global manufacturing expert who has won the Intel Technology Award three times, he is evaluated as the most suitable person to lead SK On to be a global top tier battery company focused on cutting-edge technology.

Kim Wone-kee, current Head of Green Growth Division at SK Enmove, was selected as the new CEO of SK Enmove. CEO Kim, who served as Head of the Amsterdam subsidiary and Head of Base Oil Marketing Division at SK Enmove, is expected to contribute to creating visible green business results for the company based on his expertise across the entire lubricant business.

Chang Ho-joon, Head of Optimization Operation Office at SK Energy, was appointed as the new CEO of SK Trading International. CEO Chang is anticipated to lead the growth of SK Trading International based on the strategic planning capabilities he has accumulated from various business experiences.

Roh Sang-goo, Head of SK Energy’s Strategic Operations Division, was appointed as the new CEO of SK Incheon Petrochem. CEO Roh served in key departments such as Production Support and Operation Optimization. He is expected to lead the innovation of SK Incheon Petrochem based on his extensive knowledge and work experience in the petrochemical business.

Through the reshuffling this time, SK Innovation plans to form a standardized organization as an intermediate holding company and strengthen its management function. To this end, the company is going to enhance expertise by creating a strategy and finance division that integrates key business management functions such as strategy, performance, and finance.

Business subsidiaries are going to build a swift decision-making system and strengthen responsibility for the performance of the financial story business being promoted. Accordingly, SK Energy’s CIC system is being integrated, and a new strategy division is being established to improve the company’s execution capabilities.

SK Geo Centric and SK Enmove have strengthened systems to produce outcomes in earnest including Ulsan ARC, which entered the commercialization process and e-Fluids. SK On has carried out its restructuring focusing on strengthening manufacturing and R&D competitiveness as well as increasing profitability. SK IE Technology has established a new marketing division to advance marketing strategies tailored to regions and consumers.

“This year, in order to prepare for the uncertain business environment, we carried out organizational restructuring and executive personnel changes with a focus on crisis response,” said an official of SK Innovation. “Starting with this, we will do our best to strengthen our fundamental competitiveness and enhance the execution of our Financial Story.”