Kumho Petrochemical Appoints Ko Young-hoon and Ko Young-do as New Internal Director Candidates

Go Young-hoon, Director of Central Research Institute at Kumho Petrochemical

[Asia Economy Reporter Hwang Yoon-joo] Kumho Petrochemical has selected Go Young-hoon, a 'synthetic rubber authority' and head of Kumho Petrochemical Central Research Institute, and Go Young-do, a 'financial expert' and head of the Management Headquarters, as new internal director candidates.

Kumho Petrochemical announced on the 4th that it held a board meeting and selected two new internal director candidates. They are expected to form a triad of management focused on sales, finance, and R&D alongside CEO Baek Jong-hoon.

Go Young-hoon, head of Kumho Petrochemical Central Research Institute, earned his Ph.D. in organometallic chemistry from France's CNRS and UPS (University of Paul Sabatier). After working as a researcher at the Loker Hydrocarbon Institute at the University of Southern California (USC), he joined Kumho Petrochemical in 1991 and has devoted 30 years solely to synthetic rubber research, making him an authority in synthetic rubber research in Korea. As the role of R&D activities becomes increasingly important in realizing sustainable management beyond product functionality, the company expects Go to provide direction for R&D activities based on his experience and insight.

Go Young-do, Head of Management Division at Kumho Petrochemical

Go Young-do, head of Kumho Petrochemical's Management Headquarters, graduated from Yonsei University with a degree in Business Administration and joined Kumho Group's financial management team in 1990. For over 30 years, he has led departments specializing in finance, accounting, purchasing, and funds management. Along with stable financial operations, Kumho Petrochemical's debt ratio has decreased from 660% in 2009, when it entered a voluntary agreement, to 59.7% as of the end of 2020. With record-breaking performance again in the first quarter of 2021, the company looks forward to Go's financial capabilities in the future.

Kumho Petrochemical plans to hold an extraordinary general meeting of shareholders on June 15 to discuss the appointment of the two candidates as internal directors. If approved, Kumho Petrochemical will have three internal directors, including CEO Baek Jong-hoon, appointed at the last regular shareholders' meeting, who will serve as professional managers in their respective fields. Additionally, seven outside directors will perform roles on board committees (such as internal transactions, ESG, and compensation committees), establishing an independent and professional governance structure that cooperates and provides checks and balances.

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