Celltrion Vice Chairman Seo Jung-su, left, and Celltrion CEO Seo Jin-seok / Courtesy of Celltrion
Owner Family Strengthens Control Of Celltrion
By Park Jae-hyuk
Owner Family Strengthens Control Of Celltrion
Celltrion has assigned important tasks to Chairman Seo Jung-jin’s younger brother and oldest son, according to industry officials, Wednesday.
Owner Family Strengthens Control Of Celltrion
The move is seen as signaling the founder’s intention to strengthen his family’s control of the biopharmaceutical firm, which merged recently with Celltrion Healthcare, the group’s sales and marketing affiliate, and which plans to merge with Celltrion Pharm by the end of this year.
Owner Family Strengthens Control Of Celltrion
Following the appointment of the chairman’s oldest son, Seo Jin-seok, as one of the three co-CEOs of Celltrion last December, the company decided to send him to San Francisco for the J.P. Morgan Healthcare Conference taking place from Jan. 8 to 11.
Owner Family Strengthens Control Of Celltrion
The younger Seo will join his father during his speech at the annual conference’s main track session.
Owner Family Strengthens Control Of Celltrion
“My oldest son, who graduated from Seoul National University and received a Ph.D. from KAIST, has been recognized globally,” the chairman said during a general meeting of shareholders last year.
On Tuesday, Celltrion Pharm CEO Seo Jung-su, the chairman’s younger brother, was promoted to vice chairman from president and appointed as chief secretary of Celltrion.
He is expected to play an important role for Celltrion’s planned merger with Celltrion Pharm, considering the fact that he has led Celltrion Pharm for the past eight years.
Born in 1959, he joined Celltrion Pharm in 2012 after serving as a GS E&C executive.
Celltrion explained that Yoo Young-ho, who was recently promoted to president from vice president, will lead Celltrion Pharm to succeed his predecessor’s role.
Celltrion Group Chairman Seo Jung-jin speaks during a press conference at Parc.1 Tower in Seoul in this October 2023 file photo. Courtesy of Celltrion
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