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LG Chem Appoints 3M Executive H.C. Shin as New CEO
November 9, 2018
1 Min Read
South Korean chemicals firm LG Chem recently named former 3M Company executive H.C. Shin as its new chief executive officer and vice chairman, the firm announced in a press release Friday.
The incoming 61-year-old CEO started his career at 3M in Korea in 1984 and has held a variety of senior management roles at the company over the decades, including executive vice president of 3M International Operations. Information provided by LG Chem said Shin was the first Korean to head 3M’s overseas business.
“As Vice Chair and Executive Vice President of 3M, H.C. (Hak Cheol) Shin has gained global perspective and experience in operating global materials and components business. We are to recruit him as he is the right person capable of pre-emptively responding to rapidly changing business environment while leading the change in corporate culture and structure,” LG Chem said in a statement.
LG Chem said Shin’s appointment marks the first time the company has nominated an external candidate for CEO in its history.
Based in Seoul, South Korea, LG Chem produces petrochemical products, advanced materials, IT and electronics materials, battery materials and battery cells, pharmaceuticals, vaccines, and fine chemicals.
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