Global BWMS manufacturer Techcross announces new CEO to navigate its global growth
27 December 2018 – Global Ballast Water Management System manufacturing company Techcross announced the appointment of Mr. Wayne (SeogWon) Park as its new Chief Executive Officer to lead the organization’s rapid growth and continuing diversification across Ballast Water Management System industry.
Effective from 1 January 2019, Wayne Park will be based in Busan, Rep. of Korea, His appointment will share management responsibility with current CEO KyuWon(KW) Park (ex-President of Hanjin Heavy Industry & Construction and ex-chairman of Korea Offshore & Shipbuilding Association, 2007-2009) who has managed almost a decade term, which saw the company more than ten-fold increase in sales revenue and profits since 2010. KW Park will continue to work together with Wayne as a Vice Chairman.
New CEO Wayne, formerly Executive Vice President of LG Electronics, world’s renowned multi-national electronics company, served as President & CEO of North American Region, European Region and Korea Domestic Region as well as Head of Global Sales & Marketing Operation of LG Electronics with more than 3 decades of tenure in major global operations. He is expected to contribute to Techcross with global perspective and operational excellences.
Wayne said: “This is a splendid opportunity to navigate Techcross during a time of significant growth and change for our industry, especially for retrofit markets. USCG approved and certified technology is helping us plan and build infrastructure in a way never seen before, truly changing the way we design, manufacture and deliver Techcross ECS. Our focus for the immediate future is to consolidate and continue the growth in global retrofit markets where we see immense demand from 2019, in terms of fast revolving and dynamic environment.”
Vice Chairman KW Park said: “Wayne is renowned as one of Electronics industry’s most respected leaders and has delivered operational excellence for LG Electronics for 36 years. Wayne’s extensive experience will ensure global sales & marketing to make Techcross Global No. 1 BWMS manufacturer.”
Techcross has delivered and installed its ECS on more than 60 retrofit vessels successfully in 2018 and expect more than triple of numbers in 2019 with 200+ retrofits contract in 2018. This may be the most number of BWMS delivered to retrofits, however, Techcross rather has kept its retrofit contracts with the reputable ship owners from Europe and Asia in low file as retrofits are still emerging and rapid changing market. Many ship owners are still looking into engineering feasibility, delivery capability as well as operating performance of BWMS and number of contracted ships does not mean much but winning trust from clients is the most crucial at this stage. Two Parks will move Techcross forward with the speed required to capitalize on the opportunities in front. “We are confident that Wayne’s expertise and leadership will enhance to drive Techcross’s sales force, workforce transformation for the global growth,” said KW Park.
“Techcross is full of smart and hardworking people, passionate about developing innovative solutions to some of the most troublesome problems with core values and the great vision. I look forward to working with them to continue our growth, reimagining and designing a better future,” concluded Wayne Park.