TMON appoints its CFO Jon as new CEO Jon likely to focus on regaining TMON's growth potential ahead of planned IPO
Translated by Kim So-in 공개 2021-05-14 08:28:30
이 기사는 2021년 05월 14일 06:43 thebell 에 표출된 기사입니다.
TMON said on Monday that it named Jon In-chon, chief financial officer (CFO) of the ecommerce firm, as its new chief executive officer (CEO) to replace Lee Jin-won.TMON insiders said Jon is the right person to lead the company. The largest shareholder of the company appointed its new CEO from within to minimize the impact after Lee’s unexpected resignation.
Prior to joining TMON last year, Jon worked at Young Toys after Pacific Alliance Group, the largest shareholder of the South Korean toymaker, recruited him as the CFO. He was later promoted to CEO and served in the role from December 2015 to January 2018.
In 2015, Young Toys’ financial performance deteriorated, with sales falling 31% to 77.1 billion won ($68 million) and operating profit plummeted 75% to 6.4 billion won year-on-year.
After he was named CEO, the company’s sales recovered dramatically to 103 billion won in just one year. Operating profit also more than doubled to 14.5 billion won.
Young Toys recorded sales of 156.4 billion won and operating profit of 30.1 billion won in 2017, its best financial performance ever.
Young Toys and TMON are different in business types and sizes, but Jon is expected to pursue the similar strategy. TMON is under similar circumstances to that of Young Toys in 2015. TMON’s sales dropped 12% in 2020 ahead of its planned initial public offering (IPO).
TMON is seeking new growth drivers to solve the situation. The company is preparing to launch its delivery service and resumed its fresh food delivery service Supermart, which it halted in 2019.
The ecommerce firm plans to be listed under the Korea Exchange’s “Tesla standards,” for promising companies that have not yet posted significant profit. Jon is expected to put priority on regaining the company’s growth potential for the successful IPO. (Reporting by Mi-hyung Cheong)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- [2023 더벨 글로벌 투자 로드쇼-인도네시아]인니 정부, 친기업 정책 드라이브에 뜨거운 관심 '체감'
- [2023 더벨 글로벌 투자 로드쇼-인도네시아]"유망 스타트업 양성소, 글로벌 투자 거점 부상"
- [2023 더벨 글로벌 투자 로드쇼-인도네시아]"철저히 투자금융 관점서 봐야, 전략적 접근시 유리"
- [2023 더벨 글로벌 투자 로드쇼-베트남]신용보증기금, 중기 베트남 진출 지원에 팔 걷었다
- [2023 더벨 글로벌 투자 로드쇼-베트남]인프라·산업 투자 증가, 부동산 가격 상승 견인
- [2023 더벨 글로벌 투자 로드쇼-베트남]떠오르는 신규 투자처 '온실가스 감축 프로젝트'
- [2023 더벨 글로벌 투자 로드쇼-베트남]VITASK, 베트남 현지 기업 생산·기술력 개선 앞장
- [2023 더벨 글로벌 투자 로드쇼-베트남]급성장 '핀테크' 산업, 전자 결제·P2P·초단기 분야 각광
- [2023 더벨 글로벌 투자 로드쇼-베트남]진출 계획시 세무 접근 필요, '우대세율·감면' 활용해야 '득'
- [2023 더벨 글로벌 투자 로드쇼-베트남]한국이 투자 주춤할 때 태국은 과감히 '베팅'