Celltrion Chairman Seo Jeong-jin will resign tomorrow…Startup startup in mid-60s

Celltrion Chairman Seo Jeong-jin will resign tomorrow…Startup startup in mid-60s

Keep your retirement promise at the end of this year… The successor chairman of the board of directors is elected at the shareholders’ meeting in March next year

Reporter Lee In-ae
Approval 2020.12.30 15:23
Opinion
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The retirement period declared by Chairman Seo Jeong-jin of Celltrion came one day later. (Source = Celltrion)

The retirement date declared by Celltrion Chairman Seo Jeong-jin came one day ahead. In the midst of the development of COVID-19 antibody treatments, the industry is interested in whether Chairman Suh will really put down the chairmanship. Celltrion’s official position is that Seo will drop the chairmanship as he originally professed.

According to Celltrion on the 30th, Chairman Seo Jeong-jin will drop the chairmanship at the end of this month. Chairman Seo will resign from the front line of management and assume the position of honorary chairman. The official resignation is the regular shareholders’ meeting held in March next year.

Chairman Seo attended a global pharmaceutical and bio event last January and announced his retirement in 2020. He reaffirmed this at an event to announce the development of an antibody treatment for Corona 19 in July. At the time, Chairman Seo announced that the Jindu commander for the development of a treatment for Corona 19 would hand over the seat to his juniors at the end of the year and start a startup.

Celltrion applied for conditional approval of CT-P59, a corona 19 antibody treatment, to the Ministry of Food and Drug Safety the day before. If approved, the first corona19 antibody treatment in Korea will be put into the medical field in January of next year. Some of the industry predicted that the chairman will not be able to leave at such an important time. This means that you can delay the retirement period.

However, as has been said over and over again, Chairman Seo will retire from the front line of management by dropping the chairmanship at the end of this year. After the regular shareholders’ meeting next year, the new chairman of the board of directors will take over and lead Celltrion. Chairman Seo will serve as honorary chairman without pay. Just because you assume the position of honorary chairman does not mean you will participate in management. It does not participate in Celltrion management in any form as it intends to devote itself to the new business that was initially disclosed.

A Celltrion official said, “Chairman Seo will completely withdraw from the front line of Celltrion management at the end of the 31st of this month, and will play the role of honorary chairman afterwards.” It will be finished.”


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