Jung Young-chae NH Investment & Securities CEO 'Term Extended by 2 Years'

Jung Young-chae, CEO of NH Investment & Securities (Photo by Asia Economy DB)

[Asia Economy Reporter Kum Bo-ryeong] The term of NH Investment & Securities CEO Jung Young-chae will be extended for another two years.

NH Investment & Securities announced on the 5th that it held a regular board meeting and decided to reappoint CEO Jung Young-chae for a two-year term. CEO Jung was initially appointed in March 2018. Along with this, non-executive director Lee Jung-dae was also reappointed for a one-year term.

For the position of inside director serving as an audit committee member (full-time audit committee member), former Financial Supervisory Service Financial Hub Support Center Director Lim Byung-soon was newly appointed for a two-year term. For outside directors, former NH Nonghyup Securities Vice President Hong Seok-dong and former Gwangju Bank President Jung Tae-seok were newly appointed for two-year terms. As a non-executive director, Kim Hyung-shin, Vice President of Business Strategy Division at Nonghyup Financial Group, was nominated as a new candidate for a one-year term.

Dividends were resolved at 500 KRW for common stock and 550 KRW for preferred stock.

The date for this year's regular shareholders' meeting was confirmed as the 25th. The CEO and director candidates nominated at this regular board meeting are expected to be finally appointed at the regular shareholders' meeting.

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