Kakao Names Kim Do-young, CEO Nominee for KakaoX, as Co-Chair of CA Council
TECHWORLD ·
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Kakao has switched the CA Council to a co-chair system ahead of its corporate split. Kim Do-young, the CEO nominee for KakaoX, was appointed co-chair of the CA Council and will run it together with Chairperson Chung Shina. Kakao is proceeding with split preparations while operating TFs involving major departments such as technology, finance, and human resources and maintaining communication channels with employees.
Kakao has switched the CA Council to a co-chair system ahead of its corporate split. The move is designed to reduce any decision-making gap, ensure continuity in the split preparation process, and stabilize the organization.
Accordingly, Kim Do-young, the CEO nominee for KakaoX, was appointed co-chair of the CA Council. Kakao Group held a group council meeting on the 28th, and the appointment process was approved by a vote of the CEOs of the partner companies.
Kim Do-young will run the CA Council together with Chairperson Chung Shina. The two chairs are expected to jointly handle major group-level decisions until the corporate split, and they will also oversee coordination among affiliates and execution management of the split preparation process.
The focus of the co-chair system is to ensure continuity in group decision-making. Kakao plans to strengthen its group-level coordination framework, as it must handle practical tasks in parallel, including technology, finance, and human resources, during the split process.
As it pushes ahead with the corporate split, Kakao is operating a TF involving major departments such as technology, finance, and human resources. The TF is intended to review the practical tasks required for the corporate split. Kakao is examining necessary matters for organization and business operations by area and is proceeding with split preparations step by step.
Kakao is also continuing communication with employees during the process. It has held offline briefing sessions related to the corporate split and is also operating a separate channel for questions at any time. Through this channel, it is responding to employee questions about the split schedule and preparation process.
Chairman Kim has experience in corporate finance and investment. He graduated from the Department of Aerospace Engineering at Seoul National University and earned an MBA from the Seoul National University Graduate School of Business. He has served as a senior consultant at Samsung SDS, an executive director in the IB division at Samsung Securities, and CFO of Kolon Mobility Group.
Kim has served as CEO of Kakao Investment since last year and has also concurrently served as head of the group investment strategy office under the Kakao CA Council since last year. He was also named CEO nominee for KakaoX this year, and with this decision, he will serve as co-chair of the CA Council.
A Kakao official said the company viewed the period leading up to the corporate split as an important turning point and introduced the co-chair system to secure continuity at the group level and carry it out in a systematic way. The official added that under this system, Kakao will operate around TFs by area, closely manage the split preparation process, and push ahead with a stable transition.
Source: TECHWORLD · Kim Seung-gi
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407419
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Source: TECHWORLD
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