NongHyup Financial Begins Next Chairman Appointment Process Following Resignation of Chairman Kim Kwangsoo
Chairman Kim Kwang-su Expresses Intention to Resign from NongHyup Financial Board of Directors
[Asia Economy Reporter Park Sun-mi] NongHyup Financial Group is starting the search for a new chairman.
On the 27th, NongHyup Financial announced that it will hold an Executive Candidate Recommendation Committee (hereafter, the Committee) to begin the management succession process following the resignation of Chairman Kim Kwang-soo.
This follows Chairman Kim’s expression of his intention to resign to the NongHyup Financial Board after being finally appointed as the Chairman of the Korea Federation of Banks at the Federation’s general meeting held that morning.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Over 7,000 Residents Evacuate Urgently" Magnitude 5.2 Earthquake Leaves 2 Dead, 6 Injured... What Happened in China?
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
The Committee must complete the final candidate recommendation process within 40 days from the start of the management succession procedure, and the new chairman will be officially appointed at the NongHyup Financial Group shareholders’ meeting. According to board regulations, Kim In-tae, Head of the Management Planning Division (Vice President), has been appointed as acting chairman.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
