[THE INVESTOR] Korean household products manufacturer Lock&Lock on Dec. 4 named Ghim Sung-hoon, a former Samsung strategist, as its new CEO -- the first leadership reshuffle since the firm was acquired by Hong Kong-based private equity firm Affinity Equity Partners in August.
Ghim served diverse management and consulting positions at Samsung Group and its affiliates such as Samsung Electronics since 1983. Until 2015, he served as executive vice president of Samsung SDS.
“I will lead a new leap forward with the company’s founders and employees who have grown their company for the last 40 years along with global investors who value long-term partnerships,” he said in a statement.
The new CEO will jointly run the business with Lock&Lock’s founder and former CEO Kim Jun-il for a year, according to the firm.
On Aug. 26, Kim signed a contract with Affinity Equity Partners to sell his 63.56 percent stake in the company for 629.3 billion won (US$581 million).
By Park Han-na (firstname.lastname@example.org)