POSCO President Jeong Tak was promoted to vice chairman and was appointed as the new CEO of POSCO International, a move that will see it merge with POSCO Energy on Jan. 2. His appointment comes as the group carries out a year-end reshuffle of its president-level executives. Given that Jeong is known as an expert in sales and marketing, POSCO Group expects him to stabilize the trading company in a short period of time, enabling POSCO International to create a synergy effect with POSCO Energy.