Lotte Insurance Appoints Executive Director Eunho Lee as New CEO
A Financial Strategy Planning Expert in His 40s with Experience at Samsung Electronics, Oliver Wyman, AT Kearney, and PwC Consulting
[Asia Economy Reporter Ki Ha-young] Lotte Insurance announced on the 28th that it held a Nomination Committee for Executive Candidates and a board meeting, recommending Executive Director Lee Eun-ho (CFO and Head of Planning) as the new CEO candidate. Lee is scheduled to officially assume the CEO position after approval at the extraordinary general meeting of shareholders to be held in February.
Born in 1974, Lee graduated from Korea University with a degree in Electrical Engineering and earned an MBA from INSEAD. He began his career as a senior researcher at Samsung Electronics and has served as Managing Director at Oliver Wyman, Partner at AT Kearney, and Partner at PwC Consulting. He is a financial strategy planning expert who has provided consulting on business, channel, marketing, overseas expansion strategies, and process system design to domestic and international financial institutions.
In 2019, when JKL Partners acquired Lotte Insurance, Lee served as a consultant to establish the company's value enhancement strategy. Shortly after the acquisition, in December 2019, he was appointed Managing Director at Lotte Insurance and has been directly executing the strategy. He has particularly reorganized the insurance portfolio focusing on long-term protection insurance with excellent new contract value, enhancing the core competitiveness of the insurance business. He has also successfully carried out management tasks to improve financial soundness, such as business efficiency and a significant increase in the Risk-Based Capital (RBC) ratio.
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A Lotte Insurance official stated, "Based on the strengthened company structure after the change of major shareholders, we expect Lee to complete Lotte Insurance's value enhancement strategy, including strengthening management centered on intrinsic value, completing digital transformation, perfecting sales channels, building a young and innovative organizational culture, and successfully implementing IFRS 17."
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