[Edaily Reporter Han Jeon-jin ] BGF Group has promoted Min Seung-bae BGF Retail(282330), CEO, to President, thereby strengthening its existing management structure. This move is seen as a strategy to maintain management continuity while improving profitability despite a slowdown in industry growth, and to focus on enhancing the expertise of core organizations and on-site competitiveness.

BGF Group announced on the 13th that it had carried out its 2027 regular personnel reshuffle, which included these changes. Through this reshuffle, BGF Group aims to respond to the rapidly changing retail environment and strengthen collaboration across organizational units. The plan is to inject new vitality into the organization by selecting next-generation talent and implementing rotational assignments, while continuing to pursue performance-driven management.

The most notable aspect of this reshuffle is CEO Min’s promotion to President. CEO Min, who joined Bogwang Family Mart in 1995, served as Head of Sales Development and Head of Human Resources and General Affairs before being appointed CEO of BGF Retail in November 2023. Following his reappointment as an inside director at the regular shareholders’ meeting in March of this year, he was promoted to President just three years after assuming the role of CEO.

This promotion is drawing attention as it coincides with BGF Retail’s recent improvement in financial performance. BGF Retail’s cumulative consolidated revenue for the first three quarters of this year reached 7.0624 trillion won, a 4.3% increase compared to the same period last year. Operating profit for the same period rose 18% to 223.8 billion won. Third-quarter operating profit also increased by 3.2% to 100.8 billion won. Despite a slowdown in consumer spending and intensifying competition in the convenience store industry, the company maintained its growth momentum by strengthening product competitiveness and expanding demand from foreign customers.

The company also announced key executive promotions. Lim Hyung-geun, Head of the Merchandising and Marketing Division, was promoted to Executive Vice President, while Shin Jong-ha, Head of the Management Innovation Office, and Jang Seong-gwan, Head of Region 3, were each promoted to Senior Vice President. Senior Manager Noh Su-deok was newly appointed as Head of Region 5, and Senior Manager Han Yun-beom was newly appointed as Head of the Win-Win Cooperation Office. The move aims to enhance expertise in core functions such as merchandising, marketing, and management innovation, while ensuring the stable operation of field organizations.

Personnel changes were also made at affiliate companies. Director Shim Jae-jun was nominated as CEO of BGF HumanNet. Director Kim Min-seok was newly appointed at BGF HumanNet, and Director Yoo Ho-seok was newly appointed at BGF Logistics. BGF Group plans to use this reshuffle as an opportunity to expand collaboration across organizations, enhance competitiveness in each business segment, and strengthen the foundation for mid- to long-term growth.

A BGF Group official stated, “Through these personnel changes, we aim to actively recruit next-generation talent with specialized expertise and breathe new life into the organization through active rotational assignments,” adding, “We will continue to pursue a customer-centric differentiation strategy.”