Replacement of the representatives of 7 major POSCO affiliates...Renewal and generational change of personnel

POSCO Group has replaced the CEO of seven major affiliates, including POSCO, POSCO E&C, and POSCO Future M.

In addition, the total number of executives was reduced to 15%, reducing the number of promotions by more than 30% from last year.

POSCO Group said yesterday that it has reorganized its organization and carried out executive appointments with the keywords of slimming down its organization and generational change.

The size of promotions has been reduced by more than 30% compared to 92 last year, and generational changes have taken place, with executives born before 1963 stepping down from the management front.

POSCO Group explained that it plans to break through uncertain management conditions through reorganization and personnel management and lay the foundation for its leap into a top global company in the materials sector.

All of the CEO directors who were replaced in a surprise move were promoted internally, and Lee Hee-geun, head of the facility reinforcement TF team (vice president) was appointed as POSCO's new CEO, and Jung Hee-min, head of the construction business division (vice president) was promoted as POSCO E&C's CEO.

Eom Ki-cheon, head of POSCO's energy materials business, was appointed as POSCO Future M's representative, and Shim Min-seok, head of POSCO's digital innovation division, was appointed as POSCO DX's representative.

In addition, five new female executives were appointed, with Lee Yoo-kyung, head of POSCO Holdings' management support team, who served as the first female business CEO of POSCO Group, being promoted to POSCO Group's first female vice president and moved to POSCO's purchasing and investment headquarters.