Samsung Life Insurance and Samsung Fire & Marine Executive Appointments... Outstanding Talent Selected Regardless of Years of Service (Comprehensive)

Vice Presidents Choi Incheol and Lee Duyeol Promoted

[Asia Economy Reporters Oh Hyung-gil and Ki Ha-young] Samsung Life Insurance and Samsung Fire & Marine Insurance conducted regular executive appointments on the 7th, promoting Vice Presidents Choi In-cheol and Lee Doo-yeol, respectively. They plan to continue organizational innovation by selecting outstanding talent regardless of seniority.

According to the financial sector, Samsung Life Insurance promoted a total of 15 executives through the '2021 Regular Executive Appointments,' including 1 Vice President, 3 Senior Managing Directors, and 11 Managing Directors.

Vice President Choi, born in 1964, joined Samsung Economic Research Institute in 1997 and served as Managing Director of Samsung Electronics' Planning Team in 2014. He then enhanced his insurance expertise by serving as Head of Samsung Life Insurance's Planning Team and Customer Support Office in 2018.

Additionally, Kim Sun, Head of Asset Project Financing (PF) Management Team, Park Min-gyu, Head of FC Sales Division 2, and Oh Hwa-jong, Head of HR Team, were promoted to Senior Managing Directors, and 11 new Managing Directors were appointed.

Samsung Life Insurance stated, "Senior executives at the level of Senior Managing Director and above were selected from various departments such as insurance sales, asset management, and management support to expand the diversity of management candidates. The newly appointed executives were boldly selected regardless of seniority based on the principle of meritocracy, considering leadership and expertise, focusing on outstanding talent expected to grow in the future."

Samsung Fire & Marine Insurance also promoted a total of 16 executives on the same day, including Vice President Lee, 4 Senior Managing Directors, and 11 Managing Directors. Vice President Lee, born in 1964, joined Samsung Fire & Marine Insurance in 1989 and served as Head of Gangseo Business Division and Head of Strategic Sales Division before becoming Head of the CPC (Customer Product Channel) Strategy Office.

Samsung Fire & Marine Insurance said, "While maintaining a merit-based personnel policy, we selected talent who possess not only job expertise and work capabilities in their respective fields but also creative challenge spirit and an innovative mindset. To further solidify a profit and efficiency-centered management policy through structural innovation across all business divisions, we comprehensively considered qualities as managers, growth potential, and business strategies."

Samsung Life Insurance and Samsung Fire & Marine Insurance plan to complete subsequent organizational restructuring and personnel assignments soon.

Meanwhile, following Samsung Group's executive appointments last week, including the president level, it is reported that the president-level appointments for financial affiliates (Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Card, and Samsung Securities) will be completed within this week. The market expects most to remain in their positions due to favorable performance.

This content was produced with the assistance of AI translation services.