PRESS RELEASE
Coway Nominates Jangwon Seo as New co-CEO
2021.01.06
- Coway nominates a new co-CEO Jangwon Seo, an expert in strategic planning and global operation with the aim to bring innovation and empower global capacity for Coway’s future business under the co-CEO structure
SEOUL, South Korea, Jan. 6, 2021 – Coway Co., Ltd., a leading environmental home appliances company, today announced the nomination of Jangwon Seo, Coway’s current CFO, as a new co-CEO during its annual senior executive reshuffle.
With the latest reshuffle, Coway will convert to a co-CEO structure led by two co-CEOs, Hae-Sun Lee and Jangwon Seo, subject to Jangwon Seo’s formal appointment as a co-CEO at a board meeting in February.
Coway nominates Jangwon Seo, Coway’s current CFO, as a new co-CEO
The co-CEO nominee, Jangwon Seo, was a senior U.S. attorney at Shin & Kim, a major law firm in Korea. Thereafter, Seo served as Chief Investment Officer and Chief Communications Officer at Netmarble Corp. and as the representative of Netmarble Cultural Foundation, and currently serves as CFO at Coway. Seo holds a Bachelor’s Degree in economics from Westminster College and a J.D. Degree from the University of Connecticut School of Law. Seo’s global experience in the strategic planning field is well recognized internally at Coway.
“We expect the new co-CEO Jangwon Seo to strengthen the company’s core competency in strategic planning and global competitiveness in addition to the stable business management of current CEO Hae-Sun Lee,” said an official from Coway. “Coway will push forward to overcome the internal and external challenges under COVID-19, to enhance synergy with Netmarble Corp., and to lay the foundation for Coway’s successful expansion to the global market.”
Meanwhile, Coway is moving forward to expand its environmental home appliances business to global markets such as the United States, Malaysia, Thailand, Indonesia, and Vietnam.
Coway Nominates Jangwon Seo as New co-CEO
About Coway Co., Ltd.
Established in Korea in 1989, Coway, “The Best Life Solution Company,” is a leading environmental home appliances company making people’s lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, and Vietnam, based on the business success in Korea. For more information, please visit http://www.coway.com/
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