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Study Reveals Trends in Heirs’ Ascent to CEO at Top Conglomerates

Study Reveals Trends in Heirs’ Ascent to CEO at Top Conglomerates

SEOUL, Dec. 7 (Korea Bizwire) – On December 6, the business research institute Leaders Index revealed that family members serving as top executives (CEO, Vice Chairman, Chairman) in the management of the top 100 domestic conglomerates, on average, climb the corporate ladder to become executives in their early to mid-30s, subsequently reaching the CEO position within [...]

New KT Chief Vows to Increase IT Capabilities for Future Growth Momentum

New KT Chief Vows to Increase IT Capabilities for Future Growth Momentum

SEOUL, Sept. 7 (Korea Bizwire) — KT Corp.’s new chief said Thursday that he will do his best to build up the leading telecom operator’s future growth potential and energy by integrating information technology with its conventional telecommunications business in the future. Kim Young-shub, former CEO of IT service provider LG CNS Co., was appointed [...]

S. Korean CEOs Actively Buy Company Shares amid Sluggish Market

S. Korean CEOs Actively Buy Company Shares amid Sluggish Market

SEOUL, Aug. 30 (Korea Bizwire) — Chief executives at South Korea’s major companies have been actively purchasing their own company shares over the past year amid a sluggish stock market, a corporate tracker said Tuesday, highlighting their commitment to earning shareholder trust and enhancing responsible management. According to a survey conducted by Leaders Index of [...]

Optimas Solutions Elevates Mike Tuffy and Daniel Harms to Dual CEOs

Optimas Solutions Elevates Mike Tuffy and Daniel Harms to Dual CEOs

WOOD DALE, Ill., Oct. 12 (Korea Bizwire) — Optimas Solutions, a global industrial manufacturer/distributor and service provider, announced today the elevation of Mike Tuffy to CEO, International, and Daniel Harms to CEO, Americas. The decision to implement a dual-CEO structure evolves the organizational model established in 2020 with autonomous, yet connected, business units. By design, this structure [...]

Philips Shareholders Appoint Roy Jakobs as Next President and Chief Executive Officer

Philips Shareholders Appoint Roy Jakobs as Next President and Chief Executive Officer

Amsterdam, the Netherlands, Sept. 30 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Extraordinary General Meeting of Shareholders (EGM) appointed Roy Jakobs as the company’s next President and Chief Executive Officer, effective October 15, 2022, succeeding current President and Chief Executive Officer Frans van Houten. “I am very pleased that Roy Jakobs has [...]

Graduate Management Admission Council Appoints Joy Jones as Incoming CEO

Graduate Management Admission Council Appoints Joy Jones as Incoming CEO

RESTON, Va., Aug. 8 (Korea Bizwire) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today announced the appointment of Joy Jones as the organization’s CEO-Elect. Jones currently serves as GMAC’s chief product officer and general manager of assessments, a role she has held since July 2017. The announcement [...]