On March 24, a significant leadership change occurred during POSCO’s regular shareholders’ meeting at its Pohang headquarters, with Eom Gi-cheon taking the helm as the new CEO of POSCO Future M. This strategic move comes as part of the company’s ongoing focus on strengthening its leadership structure to navigate the dynamic global business landscape.
In addition to Eom’s appointment as CEO, the shareholders’ meeting also ushered in other key personnel changes. Heo Kyung-wook, the former Vice Minister of Strategy and Finance, was brought on as an external director and will also serve on the audit committee. Furthermore, Cheon Seong-rae, head of POSCO Holdings’ Business Synergy Division, joined as a non-executive director. These appointments underscore POSCO Future M’s determination to enhance its governance structure and financial strategies in response to global market shifts.
Eom, who assumes the role with a clear vision for growth, has outlined bold goals for the company. “We aim to double our sales by 2027 and secure a position as one of the Top 3 global secondary battery companies, contributing significantly to POSCO’s overall growth,” he declared. Eom highlighted POSCO Future M’s robust supply chains for lithium, nickel, and graphite raw materials, which are becoming crucial as global demand shifts away from reliance on China for battery components.
Under his leadership, POSCO Future M is intensifying its focus on developing cutting-edge battery materials. The company is working on innovations such as lithium manganese-rich (LMR) cathode materials, ultra-high nickel single-crystal cathodes, low-expansion natural graphite anodes, and silicon-based anodes, all aimed at improving electric vehicle performance, range, and charging time.
Eom also emphasized operational efficiency, aiming for a 30% increase in productivity through advanced facility upgrades and process innovation. “In light of the de-China shift in battery supply chains following the Trump administration’s policies, we are poised to capitalize on our strengths in key raw materials. We will use this opportunity to boost productivity even amid a temporary slowdown in electric vehicle demand,” he stated.
As POSCO Future M navigates these exciting changes, it is poised for a bright future in the global energy sector.
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