A Shift from a Co-CEO Structure
Coway Co. announced on Jan. 3 that the company would change its management from a co-CEO structure to a sole-CEO system. Seo Jang-won, the current co-CEO, will become the sole CEO due to the retirement of his co-CEO, Lee Hae-sun who moves into a role as a part-time advisor on Feb. 6, 2023.
Seo said, “We will use ‘Crisis Resilience & Challenge Resolution’ to form a strong foundation for Coway’s global future. Our focus will be on strengthening core business competitiveness and also securing new future growth engines.”
Seo was a senior U.S. attorney at Shin & Kim, one of Korea’s leading law firms. Following this, he served as the chief investment officer and chief communications officer at Netmarble Corp. and as the representative of Netmarble Cultural Foundation. He joined Coway as a chief financial officer before moving into his role as co-CEO in January 2021. The company’s new sole CEO holds a bachelor’s degree in economics from Westminster College and a J.D. Degree from the University of Connecticut School of Law.