KT&G Executive Recommendation Committee Selects Current President Baek Bok-in as Next CEO Candidate

If finally appointed, will lead KT&G for the next 3 years

[Asia Economy Reporter Lim Hye-sun] The KT&G President Candidate Recommendation Committee (hereinafter referred to as the ‘Candidate Committee’) has selected Baek Bok-in, the current president of KT&G (photo), as the next presidential candidate.

The Candidate Committee announced on the 9th that it had selected the current president Baek Bok-in as the next presidential candidate and reported this to the KT&G board of directors. If he is finally appointed at the regular shareholders' meeting scheduled for next month, President Baek will lead KT&G for the next three-year term.

The Candidate Committee stated, “We have listened to the opinions of various stakeholders, including institutional investors, and conducted document screening and in-depth interviews with the current president Baek Bok-in. After strictly reviewing management performance, future vision and strategy, willingness to innovate, and global mindset, we decided on President Baek as the next candidate.”

In particular, it added, “During his tenure, he received high evaluations for his leadership in successfully leading KT&G, including surpassing 100 countries in overseas expansion and signing an export contract for the heated tobacco product ‘lil’ with the global tobacco company Philip Morris International (PMI).”

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