Nongshim appoints new CEO to spur global markets

Instant noodle and snack giant Nongshim named its new CEO on Friday. The company said it will promote Jo Yong-chul, vice president of the company’s sales division, as the president and CEO, effective Dec. 1. His promotion will be finalized after a shareholder meeting in March next year. Jo’s appointment has largely been attributed by his recent experience in expanding Nongshim’s global markets. Earlier this year, he was promoted to the sales division’s top position and began leading tasks for Nongshim’s promotion overseas. Jo is now expected to further boost Nongshim's shares in global instant noodle and snack markets and secure the company's market presence worldwide. The company’s exports this year accounted for 40 percent of its entire sales, centering on its bestseller Shin Ramyun. The figure is lower than Samyang Foods, another major instant noodle company here, which has seen this year 84 percent of its entire sales come from its global markets, thanks to the global popularity of its instant noodles brand, Buldak. "Jo is a global market expert with rich experiences, havWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times