On Nov. 12, Philips Korea announced the appointing of Peter Kwak as the new General Manager of Personal Health business sector.
Mr. Kwak is a seasoned leader with a wealth of experience in Korea’s FMCG (fast-moving consumer goods) industry. Philips values Mr. Kwak’s capabilities and hopes to leverage his seasoned management style and leadership to strengthen the Personal Health business in Korea.
Dominique Oh, CEO of Philips Korea said “the Personal Health business sector of Royal Philips strives to improve the quality of peoples’ lives and for Koreans to lead healthier lifestyles, by providing meaningful innovation in technology.” He added, “With Mr. Kwak’s deep understanding of Korean consumers, based on his experience in the FMCG industry, Philips Korea looks forward to meeting the rapidly changing needs of Korean consumers and thereby consolidating our position as a health and well-being company.”
Mr. Kwak said "Philips is a leader in the Personal Health business and I look forward to working with this team to bringing meaningful innovations in personal lifestyles to our consumers."
Extensive experience working at a multinational corporation in Korea has provided Mr. Kwak with a local mindset and deep insights into Korean consumer trends. He spent 12 years at Nike, and from 2009 served as the Country General Manager of Nike Korea during which time he doubled revenue via marketplace expansion, strategic pricing and effective marketing investments.
Prior to his career at Nike, he worked at McKinsey & Company in Chicago, Illinois, USA. He earned his MBA from the University of Chicago after graduating from McGill University in Montreal and Yonsei University’s Graduate School of International Studies.
