Kwon Jun-hak, Head of Nonghyup Central Association, Appointed as Next Nonghyup Bank President

NH NongHyup Financial, Final Candidate Recommendation for NongHyup Bank President

[Asia Economy Reporter Park Sun-mi] NH Nonghyup Financial Group held the Executive Candidate Recommendation Committee (hereinafter referred to as the ECC) on the 31st and recommended Kwon Jun-hak, the current Head of the Planning and Coordination Headquarters at Nonghyup Central Association (Senior Managing Director), as the new President of Nonghyup Bank.

The NH Financial ECC began the management succession process on the 24th and conducted an intensive review within a short period to minimize any management vacuum. In particular, the committee narrowed down candidates focusing on management capability, balance between fieldwork and strategy/planning, digital competency, and business synergy, and selected the final candidate after in-depth interviews.

The new Nonghyup Bank President Kwon graduated from Pyeongtaek High School in Gyeonggi and Kyung Hee University, joined Nonghyup in 1989, and has held key positions such as Head of the Retirement Pension Department at Nonghyup Bank, Head of the Personal Customer Department, Head of the Gyeonggi Sales Headquarters, and Head of the Planning and Coordination Headquarters at Nonghyup Central Association.

During his tenure as Head of the Retirement Pension Department, he introduced 'NH Robo-Pro,' a big data-based dedicated robo-advisor for retirement pensions, contributing to the advancement of NH Financial Group's asset management services. While serving as Head of the Personal Customer Department, he expanded the participation of affiliates in the 'NH Financial Group Integrated VIP Customer Program' and increased the establishment of 'Regional Youth Financial Education Centers,' broadening the base of NH Financial Group's customer services. Additionally, as Head of the Gyeonggi Sales Headquarters, he conducted over 200 on-site management visits to branches, creating outstanding management results through active communication with frontline sales sites.

He has experience working across frontline sales sites and headquarters planning and marketing departments. Especially, he is evaluated as the right person to lead Nonghyup Bank based on active field communication and strong driving force in promoting key recent financial sector issues such as ▲ digital transformation, ▲ ESG management, and ▲ strengthening consumer protection.

Meanwhile, the NH Financial ECC consists of six members: four outside directors, one non-executive director, and one inside director. Kim In-tae, Vice President of NH Nonghyup Financial Group, who has been acting as the interim chairman until this day, was excluded from this ECC. The ECC reviews and selects candidates for the CEO of wholly owned subsidiaries, while other affiliates recommend candidates through their respective ECCs.

Kwon Jun-hak will be finally appointed after the Nonghyup Bank shareholders' meeting held on the same day and is scheduled to begin a two-year term starting January 1, 2021.

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