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Biz News Korea(Eng)
Crown-Haitai Confectionery Group breaks into holding, business unit
- Collected
- 2017.03.04
- Distributed
- 2017.03.06
- Source
- Go Direct
According to Crown-Haitai Confectionery Group on Wednesday, it has completed the process to split Crown Confectionery into Crown Haitai Holdings, a holding company, and Crown Confectionery, a business unit. Under the leadership of CEO Yoon, the holding company will be in charge of investments and management of its subsidiaries.
CEO Yoon, who is the grandson of the group‘s late founder Yoon Tae-hyun, graduated Pratt Institute and Cranbrook Academy of Arts and earned a Ph.D. in design from South Korea’s Hongik University. He has been serving as an executive director at Crown Bakery and as managing director in finance and marketing at Crown Confectionery before appointed as a CEO of the company in 2010.
CEO Yoon who majored in art unlike other children of family-run conglomerates is known to have introduced so-called art management to the group and applied various works of art and designs to product packages.
Jang Wan-soo, the co-chief executive officer with CEO Yoon at Crown Confectionery will retain the position after the spin-off. He has been serving as the director of Crown Confectionery, head of Crown Confectionery Daejeon Factory and director of Crown ENG.
Crown Confectionery will continue to be responsible for manufacturing and selling of food product. Shin Jung-hoon, the CEO of Haitai Confectionery and a son-in-law of CEO Yoon Young-dal, will continue to head the company.
By Baek Sang-kyung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]