Namyang Dairy Products to reshuffle management The company will hold extraordinary general meeting on Oct 29

Translated by Kim So-in 공개 2021-10-15 08:33:05

이 기사는 2021년 10월 15일 08:11 더벨 유료페이지에 표출된 기사입니다.

Scandal-ridden Namyang Dairy Products will carry out management reshuffle following its chairman Hong Won-sik’s recent promise to achieve stable management.

Namyang Dairy announced on Wednesday that it would hold an extraordinary general meeting on October 29 to vote on appointing chief general manager Kim Seung-un, Sejong plant manager Jeong jae-yeon, Naju plant manager Lee Chang-won as inside directors and Kwangwoon Foundation director Lee Jong-min as an outside director.

The company said in a press release last month that it is working on a plan to improve its governance structure through a reorganization of the board of directors, hinting at a possibility of holding an extraordinary general meeting.

Currently, the company’s board of directors includes four inside directors – chairman Hong, his mother Ji Song-juk, his eldest son Jin-seok, and CEO Lee Kwang-beom – and two outside directors – Yang Dong-hoon, a chair professor at Konkuk University and Lee Sang-woo at dairy wholesaler Bukook.

Given that three executives have been nominated for new inside directors, one of the existing inside directors may retain the position.

Analysts said chairman Hong is highly likely to retain his position as it may be difficult for him to completely step down amid ongoing legal dispute with private equity firm Hahn & Company. There is also a possibility of chairman Hong’s eldest son Jin-seok remaining on the board of directors.

Among the three candidates, chief general manager Kim is in the limelight. Namyang said the reason for recommending other two, plant managers Jeong and Lee, was that they have deep knowledge of dairy farming and achieved cost reduction through efficient plant operations, while the company saw Kim as capable of actively participating in management through new business strategies.

One of the three candidates is also likely to replace outgoing CEO Lee. Kim may be appointed as the new CEO considering Jeong and Lee are currently responsible of managing plants in Sejong and Naju. (Reporting by Seon-ho Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재 및 재배포 금지 >
주)더벨 주소서울특별시 중구 무교로 6 (을지로 1가) 금세기빌딩 5층대표/발행인성화용 편집인이진우 등록번호서울아00483
등록년월일2007.12.27 / 제호 : 더벨(thebell) 발행년월일2007.12.30청소년보호관리책임자김용관
문의TEL : 02-724-4100 / FAX : 02-724-4109서비스 문의 및 PC 초기화TEL : 02-724-4102기술 및 장애문의TEL : 02-724-4159

더벨의 모든 기사(콘텐트)는 저작권법의 보호를 받으며, 무단 전재 및 복사와 배포 등을 금지합니다.

copyright ⓒ thebell all rights reserved.