POSCO Group announced a sweeping leadership overhaul on Dec. 23, replacing the CEOs of its major subsidiaries—POSCO, POSCO E&C, and POSCO Future M—just 10 months after their appointments. The 2025 regular executive reshuffle also reduced promotions by 30% compared to last year, cutting the overall number of executives by 15%.
Lee Hee-geun, head of POSCO’s Facility Reinforcement TF, was promoted to president and named the new CEO of POSCO, the group’s flagship steelmaking subsidiary. Jeong Hee-min, head of the Construction Business Division at POSCO E&C, was appointed CEO of the construction unit. At POSCO Future M, the battery materials arm, Eom Gi-cheon, head of the Energy Materials Business Division, was named CEO. Meanwhile, POSCO DX, focusing on robotics and AI, will be led by Sim Min-seok, head of POSCO’s Digital Innovation Office. The appointments are pending approval at upcoming shareholder and board meetings.
POSCO Group stated the changes aim to streamline the organization, accelerate decision-making, and introduce a new generation of leaders to address uncertain market conditions. This marks the first significant personnel shake-up under Chairman Chang In-hwa, who took office in March.
The outgoing CEOs, who assumed their roles in February, are stepping down after less than a year. Among them, Lee Si-woo became POSCO’s sole CEO under former Chairman Choi Jeong-woo’s leadership, while Jeon Jung-seon and Yoo Byung-ok led POSCO E&C and POSCO Future M, respectively.
This year’s reshuffle promoted 62 executives, down from 92 last year, reducing the group’s management layers by 15%.
