Aloecorp recently appointed Sang Shin as its new president and CEO. Shin took over from Kyeong Yoon on August 1, 2021. In 2004, he joined Unigen, a sister organization of the ECONET family of companies, as an accounting manager. He led proactive accounting and accounting support for 11 years. His efforts expanded the business and made it more sustainable. In 2015, Shin moved to the ECONET holdings, where he served as the CFO for three years, after which he became COO and president for another three years. In this capacity, he oversaw and governed affiliate companies, including Aloecorp, Unigen, and Univera.
In 2020 Shin superintended the transformation of Univera, a 22-year-old MLM-based company, to an online-based direct selling organization under ECONET holdings. The completion of the change by 2020 allowed him to spend seven months as CEO of Univera. The company became profitable almost immediately. Aloecorp is among the leading vertically integrated fine ingredient Aloe vera suppliers with operations in the U.S., China, and Mexico. The organization focuses on scientific methodology and procedures to guarantee its products’ quality, purity, potency, and biological safety.
Shin was born and raised in Korea. He achieved his B.S. in 1996 and relocated to the United States of America the same year to pursue his Master’s degree in Accounting. “As Aloecorp CEO, I will focus on combining and maximizing the synergetic effects through the three farming and operating companies, each located in the U.S., Mexico, and China,” said Mr. Shin in a statement. “Based on the best quality, most sophisticated science and propriety processing methods from our farms, manufacturing facilities, and R&D groups, we will still be the number one Aloe ingredient provider,” he added.