Cheil Worldwide has promoted  Jonghyun Kim to President and CEO from his previous position as Head of Business.

Kim is widely recognized for his global business expertise, with a broad base of experience in a variety of fields since joining Cheil Worldwide.

In addition to heading Cheil Greater China, he has provided leadership to teams across the organization, including internet business, strategic planning, and digital and global business, Cheil said, adding that “As president and CEO, Kim is expected to lead Cheil’s continued growth and enhance company competitiveness.”

Current CEO Jeongkeun Yoo will stay on with the company as chairman of the board, following a decision by the board to separate the two roles. Cheil said that he will continue his work to strengthen the company’s growth and transparent management.