SEOUL, Aug. 30 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, on Wednesday appointed its new chief executive, ending months of leadership vacuum.
The company said its shareholders approved the appointment of Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader.
Earlier this month, KT’s board tapped Kim as the new CEO of the company, whose leadership has remained vacant since March, when its former CEO Ku Hyeon-mo stepped down from the top job after failing to win shareholders’ approval for his second term.
Since then, KT has suffered an unprecedented leadership vacuum for months as the state-run National Pension Service, the largest shareholder in KT, refused to endorse subsequent CEO nominees and directors.
KT said Kim, who has extensive corporate management experience and long-standing expertise in the ICT industry, will play a role in growing the telecommunications company into a digital platform operator.
“I’ll do my best to build a sustainable growth foundation for the company and enhance corporate value through KT’s best network infrastructure, technology and business capabilities,” Kim said in a statement.