South Korea's SK Innovation (096770.KS) on Thursday announced plans to appoint Jang Yong-ho, current Executive President of SK Innovation, as Chief Executive Officer. The company will establish a co-CEO system, with Jang Yong-ho and the incumbent CEO, Choo Hyeong-wook.
Jang will formally take over as CEO at the company's annual general meeting in March 2026.
"Through this new leadership structure, SK Innovation aims to further strengthen its core competitiveness and improve its financial stability," the company said in a statement.
In a series of related appointments, SK On, the group's battery-making subsidiary, said its board approved the appointment of Lee Young-wook, currently CEO of SK Siltron, as President and Co-CEO of SK On. He will work alongside Lee Seok-hee, the existing President, in a similar co-CEO framework.
Meanwhile, Lee Jong-soo, head of SK Innovation's E&S LNG Business Division, has been appointed President of SK Innovation E&S CIC (Company in Company).
CEO Choo Hyeong-wook will step down from his concurrent role as President of SK Innovation E&S CIC but will remain as co-CEO of SK Innovation.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.