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The Korea Herald
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THE INVESTOR
March 29, 2024

The Boardroom

Posco appoints new COO to lead steel segment

  • PUBLISHED :February 03, 2017 - 17:07
  • UPDATED :February 03, 2017 - 17:09
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[THE INVESTOR] Posco named Oh In-hwan, a leading figure on automotive steel sheet industry, as the chief operating officer of the world’s fourth-largest steel giant, the company said on Feb. 3. 

The decision was made to entirely focus on the company‘s steel business and to separately run non-steel business.


Oh In-hwan, Posco’s new COO. Posco



It is the first time for the steel giant to appoint a COO position. By giving a full responsibility to the new COO on steel business, Posco Chairman Kwon Oh-joon will focus on non-steel businesses including advanced materials such as lithium and magnesium, construction and energy.

The decision was made a week after Kwon assumed his second term as the CEO and the chairman of the company.

The new COO joined Posco in 1981 and built his career as an expert in marketing.

He is recognized as a trailblazer in the steel industry who initiated exports of the automotive steel sheets.

Oh took post as the first head of Posco-CSPC, the company’s first-ever plant designed to produce automotive steel sheets, located in Suzhou, China.

Oh also led operations as an executive director at Posco P&S, a company specializing in manufacturing steel construction materials.

Meanwhile, Han Sung-hee, former Posco-China CEO, was promoted as the executive vice president of Posco’s public relations department. The company did not reshuffle the heads of its key affiliates, including Posco Daewoo, Posco E&C, Posco Energy, Posco Chemtech and Posco ICT, to wrap up the group restructuring and to focus on future growth engines. 

By Kim Bo-gyung/The Korea Herald (lisakim425@heralcorp)





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