[FETV=김윤섭 기자] Lee Dong-woo, CEO of Lotte Holdings, announced at the 54th regular shareholders’ meeting held at the conference hall on the 31st floor of Lotte World Tower in Jamsil, Songpa-gu, Seoul at 10 am on the 26th, “We will create a turning point that will enhance our business portfolio that enables sustainable growth.” .
In his greeting on the day, CEO Lee said, “Last year, I caused concern in the unexpected external environment of coronavirus infection (Corona 19). This year, Lotte Holdings will create a turning point that brings together all the capabilities of the group to make a new leap forward. “I said.
Last year, Lotte Holdings recorded sluggish performance due to the struggles of distribution affiliates such as shopping. Sales increased by 2.0% year-on-year to 9.86 trillion won, but operating profit decreased by 10.6% to 156.2 billion won. Lotte Holdings owns 24 subsidiaries including △confectionery △shopping △chemicals △chilsung beverage.
CEO Dong-Woo Lee announced that he will reinforce its core business this year and make a new leap forward by discovering next-generation flagship businesses.
CEO Lee said, “Last year, Lotte Holdings carried out human reform and organizational reorganization to flexibly cope with the rapidly changing business environment, and expanded investment in future businesses.” In fact, it has laid the foundation for expanding the business of high-value-added mobility materials by investing in Solus advanced materials, which produce battery materials for electric vehicles, and expanded facilities for eco-friendly specialty materials in the chemical sector.
CEO Lee said, “We will thoroughly check the strategic significance and synergy of each business, and upgrade to a sustainable business portfolio. We will seek additional growth opportunities through a turnaround strategy for low-performing businesses of each subsidiary.” Said.
He said, “We will make every effort to maximize shareholder profits.
It is also planning to improve the integrated online shopping mall’Lotte ON’. Lotte Shopping has appointed Na Young-ho, head of eBay Korea Strategic Planning Division, as the successor to Young-Je Cho (CEO), who resigned after taking responsibility for the sluggish business.
CEO Lee said, “We are preparing a scenario for internal improvement of Lotteon.
It also revealed a plan to strengthen ESG management, which is being emphasized in the overall business world. It is a determination to execute strategies that fit each business characteristic by establishing major guidelines and operating systems.
The shareholders’ meeting passed the appointment of a new executive director of the Financial Innovation Department (CFO) Chu Kwang-sik in the vacant position of former vice chairman Hwang Gak-gyu, who resigned in August last year. The term of office is two years. In addition, a total of six agenda items were proposed and passed, including △approval of financial statements, △partial revision of the articles of incorporation △appointment of internal directors △appointment of outside directors to become audit committee members △approval of director remuneration limits △revision of the executive retirement allowance payment regulations