CJ Century Logistics appoints new deputy CEO

KUALA LUMPUR (May 15): CJ Century Logistics Holdings Bhd has appointed Kim JinMok as its new deputy chief executive director (CEO), succeeding Sung Hyunsup, who has been redesignated to a non-independent and non-executive director of the company.

In a bourse filing, CJ Century Logistics said Kim’s appointment as the company’s deputy CEO took effect immediately (Monday, May 15). The 46-year-old man has built his career with CJ Logistics over a period of close to 17 years, from August 2006 to the present.

Kim held the position of managing director in CJ Logistics Myanmar from January 2021 to December 2021 and CJ Logistics Indonesia from January 2022 to April 2023, before his appointment as the deputy CEO of the company.

Meanwhile, the company announced the resignation of Park Chul Moon as its non-independent and non-executive director.

It cited the reason for the resignation of Park as the change of nominee director by CJ Logistics Asia Pte Ltd, a major shareholder of CJ Century Logistics.

Shares in CJ Century Logistics closed unchanged at 48 sen on Monday, giving the group a market capitalisation of RM285 million.

Over the past year, the logistic company has fallen 21.31% from 61 sen.