Kwangsoo Kim is timely, /Courtesy of Binggrae

Binggrae announced on the 9th that it has appointed Kim Kwang-soo, the representative director of Jehdae Co., Ltd., as the new chief executive officer.

Binggrae stated that it appointed a new chief executive officer following the recent resignation of current representative director Jeon Chang-won for personal reasons.

The new CEO candidate, Kim Kwang-soo, joined Binggrae in 1985. Since 2015, he has served as the CEO of the logistics company Jehdae Co., Ltd. Jehdae is a company where Kim Dong-hwan, president of Binggrae, holds 33.34% of the equity, and the three children of Chairman Kim Ho-yeon own 100% of the equity. The company manages logistics for Binggrae and Haitai Ice Cream, which has recently caught the attention of the Fair Trade Commission.

The CEO candidate Kim is expected to take office in June through a Binggrae extraordinary general shareholders' meeting and board of directors.