The Korea Herald

소아쌤

Daewoo E&C promotes executive Park to president

By Korea Herald

Published : June 16, 2013 - 20:36

    • Link copied

Park Young-sik Park Young-sik
Daewoo Engineering & Construction, the nation’s third-largest builder, chose one of its long-time loyalists as its new chief.

The company’s nomination committee on Friday named as its new president Park Young-sik, executive vice president in charge of corporate planning and sales, officials said Saturday.

Once the nomination is confirmed in the July 15 shareholders’ meeting, Park will be replacing Seo Jong-uk.

Park’s nomination was received positively by the employees. Korea Development Bank, the company’s major shareholder, was rumored to be looking to bring in an outside figure.

Since he joined Daewoo E&C in 1980, Park has been known for his expertise in communication and overseas sales, according to officials.

(tellme@heraldcorp.com)