SONGWON Industrial Co., Ltd. (www.songwon.com) today announced that Markus Oppliger was appointed to its Board ofDirectors at SONGWON’s Annual General Shareholders’ Meeting (AGM) held in Ulsan,Korea.
“We are very pleased to have Markus Oppliger join us as the newest member of our Board,” said Maurizio Butti, CEO. “His skills and experience combined with his broad internationalperspective will be a real asset as SONGWON continues to grow as a specialty chemicalsleader.”
Swiss-born Oppliger, fills the vacancy on the Board left by Yung Ku Ha who resigned his position at the end of 2018.
Commenting, Jongho Park, Chairman of the Board said: “SONGWON’s Board of Directorswould like to express its great appreciation to Mr. Yung Ku Ha for his valuable contributions and service to the Group over the past three years, and wish him all the best and muchsuccess in all his future endeavors.”
The newly elected Board of Directors now comprises three executive members (Maurizio Butti, Hans-Peter Wüest and Choung-Sik Kim) and four non-executive members (Jongho Park, Dieter Morath, Gerhard Schlosser and Markus Oppliger) and as per Korean regulations, this is equivalent to five inside directors and two outside directors. Markus Oppliger will serve as an outside director.
About SONGWON Industrial Co., Ltd.
SONGWON, which was founded in 1965 and is headquartered in Ulsan, South Korea, is a leader in the development, production and supply of specialty chemicals. The second largest manufacturer of polymer stabilizers worldwide, SONGWON Industrial Group operates companies all over the world, offering the combined benefits of a global framework and readily accessible local organizations. Dedicated experts work closely together with customers to develop tailor-made solutions that meet individual requirements.