GS Retail replaces vice chairman

GS Retail vice chairman Huh Seung-jo stepped down from his post in the latest executive reshuffle announced by GS Group on Tuesday.

He has been replaced by his nephew and GS Retail president Huh Yeon-soo, the son of Huh Shin-goo -- the fourth son of the GS Group founder.

The new appointment reflects the firm’s efforts to reinvigorate its operations.

The resignation of Seung-jo, the youngest son of GS Group founder Huh Man-jung, signals the end of the leadership of the second-generation members of the controlling family.

Meanwhile, the incoming vice chairman is credited with having made significant contributions to the growth of GS Retail’s convenience store business in Korea.

By Sohn Ji-young (jys@heraldcorp.com)