logo
Pernod Ricard Korea names company veteran as new CEO

Pernod Ricard Korea names company veteran as new CEO

Korea Herald5 hours ago
Pernod Ricard Korea, the local unit of the French spirits giant, announced Monday the appointment of Fadil Tasgin as its new CEO, bringing on a company veteran who most recently oversaw key growth markets in Asia.
With over three decades of experience in the consumer goods and beverage industries, Tasgin pledged to enhance brand experiences and strengthen Pernod Ricard Korea's market position, while maintaining a strong focus on consumer-centric marketing.
'I am well aware of the Korean market's tremendous potential, as well as the high expectations of its consumers,' Tasgin said. 'With a strong portfolio of premium and prestige brands, we look to drive long-term growth by meeting evolving consumer preferences."
Since joining Pernod Ricard in 2012 as head of sales in Turkey, Tasgin has taken on a series of international leadership roles. These include CEO of Pernod Ricard Austria in 2019, CEO of Pernod Ricard Philippines in 2021, and, most recently, CEO overseeing both the Philippines and Indonesia.
In his new role, effective this September, Tasgin will relocate to Seoul and oversee both internal and external operations for the Korean unit.
Tasgin began his career at Unilever, where he held several senior roles in Turkey. He later joined Danone, spending eight years leading national sales operations, trade marketing and business development.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Korea pitches multibillion-dollar shipbuilding plan to US: reports
Korea pitches multibillion-dollar shipbuilding plan to US: reports

Korea Herald

time5 hours ago

  • Korea Herald

Korea pitches multibillion-dollar shipbuilding plan to US: reports

Seoul says MASGA details unconfirmed as talks with Washington continue Korea has proposed a multibillion-dollar project reportedly named Make American Shipbuilding Great Again, or MASGA, to the United States as Seoul makes an all-out effort to cut a better tariff deal with Washington ahead of the US-set deadline for tariff talks on Thursday, according to media reports on Monday. Citing multiple unnamed sources, the reports said Kim Jung-kwan, Korea's minister of trade, industry and energy, presented the MASGA project and Korea's vision for shipbuilding cooperation with the US during ministerial-level talks with US Commerce Secretary Howard Lutnick in New York on Friday. According to the reports, the MASGA proposal, named after US President Donald Trump's campaign slogan "Make America Great Again," offers a comprehensive package deal that includes large-scale investments in the US by Korean shipbuilders and financial support measures from the government such as loans and guarantees. The reports said the Korean government is considering participation in the MASGA project by state-run financial institutions such as the Export-Import Bank of Korea and the Korea Trade Insurance Corporation. They added that Lutnick, who is considered a key figure in finalizing the US tariff deal with Korea, responded positively to the proposal. However, the Ministry of Trade, Industry and Energy later said in a press release that the reported details of the MASGA proposal have not been confirmed as the negotiations are still ongoing, advising media outlets to take a careful approach when reporting on the trade talks between Seoul and Washington. In a press release on Saturday following the ministerial-level trade talks, Seoul's presidential office said it had reconfirmed strong US interest in shipbuilding cooperation, explaining that the two sides committed to working together on an agreement in the tariff negotiations. Korea's shipbuilding sector has been regarded as the country's unique leverage in the tariff talks with the US as its world-class capabilities can contribute to the Trump administration's goal of reviving American shipbuilding. Two of Korea's leading shipbuilding conglomerates -- HD Hyundai and Hanwha Group -- have already been ramping up their investments in the US and bolstering partnerships with American companies in the shipbuilding sector. HD Hyundai joined hands with US shipyard operator Edison Chouest Offshore to build medium-sized container vessels at the American company's shipyard by 2028. Hanwha Philly Shipyard, which was acquired by Hanwha Ocean and Hanwha System for $100 million last year, secured a contract to build a liquefied natural gas carrier, marking the first US-ordered, export-market-viable LNG carrier in nearly 50 years.

Pernod Ricard Korea names company veteran as new CEO
Pernod Ricard Korea names company veteran as new CEO

Korea Herald

time5 hours ago

  • Korea Herald

Pernod Ricard Korea names company veteran as new CEO

Pernod Ricard Korea, the local unit of the French spirits giant, announced Monday the appointment of Fadil Tasgin as its new CEO, bringing on a company veteran who most recently oversaw key growth markets in Asia. With over three decades of experience in the consumer goods and beverage industries, Tasgin pledged to enhance brand experiences and strengthen Pernod Ricard Korea's market position, while maintaining a strong focus on consumer-centric marketing. 'I am well aware of the Korean market's tremendous potential, as well as the high expectations of its consumers,' Tasgin said. 'With a strong portfolio of premium and prestige brands, we look to drive long-term growth by meeting evolving consumer preferences." Since joining Pernod Ricard in 2012 as head of sales in Turkey, Tasgin has taken on a series of international leadership roles. These include CEO of Pernod Ricard Austria in 2019, CEO of Pernod Ricard Philippines in 2021, and, most recently, CEO overseeing both the Philippines and Indonesia. In his new role, effective this September, Tasgin will relocate to Seoul and oversee both internal and external operations for the Korean unit. Tasgin began his career at Unilever, where he held several senior roles in Turkey. He later joined Danone, spending eight years leading national sales operations, trade marketing and business development.

Fescaro bucks industry norms to become Korea's first full-stack auto cybersecurity provider
Fescaro bucks industry norms to become Korea's first full-stack auto cybersecurity provider

Korea Herald

time7 hours ago

  • Korea Herald

Fescaro bucks industry norms to become Korea's first full-stack auto cybersecurity provider

Startup eyes Kosdaq listing, digital platform rollout to fuel overseas growth Fescaro, a Korean startup specializing in auto security, has defied the traditions of the original equipment manufacturer-heavy industry and is now looking to expand its all-around anti-hacking capabilities on the global stage. 'A normal auto cybersecurity company is usually in a third-party position as it offers solutions defined and required by automakers and parts suppliers, which is regarded as a regular value chain,' said Hong Seok-min, CEO of Fescaro, in an interview at the startup's office in Suwon, Gyeonggi Province, Wednesday. 'But we worked with (auto) manufacturers from early phases to define (cybersecurity) requirements for the vehicle's overall security architecture and parts companies, which was a rare case in our industry.' In 2020, Fescaro joined hands with then-SsangYong Motor — later acquired by KG Group and renamed KG Mobility — when the Korean sport utility vehicle maker was undergoing court receivership and faced uncertainties. 'We had all of core technologies but that did not automatically lead to successful commercialization because they needed to be applied to mass produced vehicles so in simple terms, (automakers) do not use a technology unless their competitors use them,' said Hong, referring to the risk of implementing a new technology onto a vehicle that contains almost 100 electronics continuously interacting. 'We needed to apply our technologies to actual cars, advance their quality and build up our references. Because I came from the automotive industry, I knew how important it is to secure trust even if we could not receive payments (from SsangYong),' Hong explained his reasoning behind the decision to work with the ailing automaker. Throughout the next couple of years, Fescaro continued to work with the automaker despite the COVID-19 pandemic and court receivership. As SsangYong's supply chain took a hit due to uncertainties, Fescaro had to cover all three roles of an OEM, a parts supplier and a third party through the ups and downs. 'Working with SsangYong, we were able to expand our network through their partners and prove our security solutions' validity,' said Hong. 'In doing so, more projects came our way and we ended up working with most of the auto parts makers that supply products to not only SsangYong but also Hyundai Motor and overseas automakers. I can say proudly that there might be companies that never worked with us, but there are no companies that did business with us only once.' In 2023, Fescaro became the first Korean company to support OEMs and Tier 1 parts makers in receiving the European Union's four cybersecurity regulation certificates: Cybersecurity Management System, Software Update Management Systems, Vehicle Type Approval and ISO/SAE 21434. According to the CEO, Fescaro has completed mass production tests of its auto cybersecurity technologies for about 155 controllers and 60 types of semiconductors, achieving stability and an economy of scale as a software solution provider. 'Europe drafted a law called the Cyber Resilience Act that applies to every sold product installed with software, so we have been focusing on integrated products such as cars and can score orders in tractors and construction equipment,' said Hong. Fescaro, which was established in 2016, has raised nearly 30 billion won ($22 million) in investment funding. The startup filed for a preliminary review for going public on the Korea Exchange's tech-heavy Kosdaq in June. The startup is expected to be listed on Kosdaq either in late October or early November. Fescaro was able to log operating profits for the fourth consecutive year in 2024, as its annual sales grew to 14.3 billion won in 2024 from 1.9 billion in 2021. The CEO pointed to the excellent competence of each employee as the reason behind the unusual feat for a startup. 'My colleagues used to always tell me that they couldn't do something or that something was impossible to do,' said Hong. 'I would tell them that what we do is impossible. But because we do the impossible, our clients give us work and pay us. … After saying that for a few years, nobody tells me that they can't do something. On top of that, I ask them what I need to do to help them solve the problem.' As for the plans to go global, the CEO said Fescaro wanted to become a total platform provider instead of a regular vendor. The company has been working on the digital transformation of human-centered consultations required to customize cybersecurity solutions for regional clients in different countries through an online platform. To this end, the startup completed the development of CSMS Portal earlier this month. CSMS Portal offers end-to-end automated cybersecurity control, including process abstraction, application lifecycle management and a virtual security operation center through a single platform. This enables efficient and stable cybersecurity management throughout the entire lifecycle of a vehicle by taking care of automobile development, mass production, maintenance and repairs. 'We are pursuing practical breakthroughs. …One of the reasons we are going public is to raise funding, but that's not that big of a problem,' said Hong. 'When we go global, overseas clients do not know us very well. If we are listed on the Korea Exchange's bourse, we can eliminate distrust. I keep saying this, but we have skills. So if we can remove the barrier of 'Never heard of this company,' we can get things done because we have the ability.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store