Jusibo PoscoInter CEO "Leading Posco Group's New Market Development"
[Asia Economy Reporter Suyeon Woo] Joo Sibo, President of POSCO International (hereinafter POSCO Inter), was appointed as CEO at the regular shareholders' meeting on the 30th. President Joo, who took office as president of POSCO Inter earlier this year and was appointed CEO on this day, emphasized, "I will take the lead in pioneering new markets for the POSCO Group and spreading the corporate citizenship ideology."
At the 20th regular shareholders' meeting of POSCO International held at POSCO Tower Songdo in Incheon on this day, in addition to the appointment of Director Joo as CEO, the agenda for the physical division of the steel processing business division was also passed. POSCO Inter physically split its domestic steel processing business division into POSCO SPS to strengthen the expertise and independence of the business division and improve management efficiency.
Additionally, Professor Hong Jongho of Seoul National University Graduate School of Environmental Studies and Professor Shim Insuk of Chung-Ang University Law School were newly appointed as outside directors and audit committee members, and internal director Noh Minyong and other non-executive director Jeong Tak were reappointed. Furthermore, approvals were made for the financial statements, director remuneration limits, and dividend amounts. POSCO Inter approved a dividend of 700 KRW per share.
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President Joo stated, "Despite difficult external conditions such as COVID-19 and the sharp drop in oil prices, POSCO Inter has the capability to overcome crises through investment business restructuring, improving trading profitability, and enhancing financial structure," adding, "Along with fostering steel, E&P, food, and LNG businesses, we will play a leading role in pioneering new markets for the POSCO Group through innovation in the trading business model and discovering promising new future materials."
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