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Ex McDonald’s Korea CEO to take leading role in Homeplus

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South Korean discount-store chain Homeplus has named Cho Ju-yeon, the former CEO of McDonald’s South Korea, as its new chief marketing officer.

Ju-yeon had worked at McDonald’s Korean unit as its CEO since 2016 before joining Homeplus. 

Meanwhile, former CFO of AstraZeneca South Korea, Hwang Jeong-wook, has been appointed as Homeplus’s new CFO, according to The Korean Herald. The company said it is separating the department in charge of product into two – led by Kim Woong and Oh Jae-yong – to focus on different sectors. 

“Through the reorganisation, we want to present a clear reason why customers want to visit Homeplus,” said Lee Jea-hoon, CEO of Homeplus. 

Founded in 1997, Homeplus was previously known as Homever or Carrefour Korea before being acquired by Tesco in 2008. The business was sold to a consortium led by MBK partners in 2015 and now operates 140 branches across the country. 

The post Ex McDonald’s Korea CEO to take leading role in Homeplus appeared first on Inside Retail.

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