Son Byunghwan Vice President Selected as Final Candidate for NongHyup Bank President

[Asia Economy Reporter Oh Hyung-gil] Son Byung-hwan, Vice President of NH Nonghyup Financial Group, has been selected as the final candidate for the President of Nonghyup Bank.

On the 20th, the NH Nonghyup Financial Executive Candidate Recommendation Committee (Nomination Committee) announced that it recommended Son Byung-hwan, Head of the Management Planning Division (Vice President) of Nonghyup Financial Group, as the final candidate for the President of Nonghyup Bank.

After initiating the management succession process on the 4th, the Nomination Committee narrowed down candidates focusing on comprehensive management capabilities, expertise, and digital competencies, and selected the final candidate after an in-depth interview on the same day.

Son, the nominee, has served as Head of the Planning Office at the Central Association, Head of the Business Strategy Division, and Head of the Management Planning Division at the holding company, and is recognized as a leading planner and strategist within Nonghyup.

Additionally, having served as Head of the Smart Finance Department at the bank, he is also evaluated as possessing expertise in the digital environment, making him the optimal candidate for the new president.

Son will be officially appointed after the Nonghyup Bank shareholders' meeting held on the 24th. His term will be two years, starting from March 26, 2020.

On the same day, the NH Nonghyup Financial Nomination Committee also completed the recommendation process for outside director candidates. It decided to renew the terms of outside directors Lee Ki-yeon, Lee Jun-haeng, and Park Hae-sik, whose terms are expiring this time.

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