Chong Kun Dang (CKD) Holdings has appointed Woo Young-soo as its new president. In its shareholders' meeting, CKD Holdings shareholders approved the 54-year-old managing director for the position. The appointment came after the firm's previous President Rhee Byung-gon abrupt resignation, with two years left in his three-year term. Before taking the job at CKD Holdings, Rhee was president of Green Cross Holdings. The senior level official's move between the two pharmaceutical giants drew keen attention here. The details behind Rhee's resignation are unconfirmed. The new president has built a reputation as a corporate strategist. He spent most of his career as director for corporate strategy at companies such as Hanaro Telecom, Hankook Tire and KT. He served as the executive director of Chong Kun Dang Kochon Foundation in 2016 and managing director of CKD Holdings last year.