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CEO : Koo Hyek-Seo

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LX International Holds Annual General Meeting, Appoints Koo Hyuk-seo as New CEO

- All agenda items, including director appointments, approved as proposed

- Continued efforts to enhance core business competitiveness and identify new growth drivers


LX International announced that it held its 73rd Annual General Meeting at its headquarters, LX Gwanghwamun Building in Jongno-gu, Seoul, on March 26, and appointed Vice President Koo Hyuk-seo as its new CEO. Koo had been nominated as the new CEO through the regular executive reshuffle in November last year and was officially appointed at the board meeting held immediately after the shareholders’ meeting.


Koo Hyuk-seo joined LG International, the predecessor of LX International, in 1996 and has since held a range of key positions, including Head of the Metals Business Division (Managing Director), Head of the Resources Business Division (Executive director), and Head of the Indonesia Region (Vice President). In particular, during his tenure as Head of the Indonesia Region, he secured a foundation for future growth by acquiring a new nickel mine and delivered meaningful results by actively enhancing profitability and advancing the company’s resources business.


A company official said, “Koo has a broad understanding of the overall business, extensive experience in business development, and strong execution capabilities,” adding, “the board recommended him as the right person to secure a stable foundation for future growth and lead the company’s continued growth.”


At the meeting, additional appointments were made to strengthen the composition of the board. Professor Jeon Seok-won of the Department of Energy Resources Engineering at Seoul National University was newly appointed as an independent director and a member of the Audit Committee. Based on his academic expertise in the energy and resources sector and his experience in international academic activities, he is expected to provide professional advice on LX International’s overall resource development business as an independent director.


In addition, a total of six agenda items, including the approval of the 73rd financial statements and consolidated financial statements, partial amendments to the Articles of Incorporation, and the approval of the directors’ remuneration limit, were all approved as proposed.


An LX International official said, “Through this Annual General Meeting, we have further strengthened our management leadership and the expertise of the board,” adding, “under the new CEO leadership, we will accelerate the enhancement of our core business competitiveness and continue to focus on identifying new growth drivers.” (End)

<Picture : Koo Hyuk-seo, CEO of LX International>


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