SK Hynix appointed its R&D chief Park Sung-wook as its new CEO, replacing Kwon Oh-chul, company officials said Tuesday.
The decision was made at a meeting of the board of directors, the officials said.
Park, 55, has served as the chief of Hynix’s research center and managed the production of key products such as dynamic random access memory and NAND flash memory chips.
He has more than 10 semiconductor manufacturing patents registered in Korea and abroad.
Former SK Group chairman Chey Tae-won, who is currently in jail, will maintain his position as joint CEO of SK Hynix.
In the meantime, Kwon, who served at the semiconductor firm for nearly 30 years, will leave the company. He has been CEO since March 2010.
Kwon will also resign as head of the Korea Semiconductor Industry Association this month.