'Post Kim Jeong-tae' is Vice Chairman Ham Young-joo... Hana Financial Group Changes Head After 10 Years
Hwechuwi Selects Vice Chairman Ham as Sole Candidate
[Asia Economy Reporter Minwoo Lee] Ham Young-joo, Vice Chairman of Hana Financial Group, has been selected as the next chairman of Hana Financial Group. This marks the first change in leadership in 10 years since the current chairman Kim Jung-tae.
Hana Financial Group announced on the 8th that its Chairman Candidate Recommendation Committee held a meeting and recommended Vice Chairman Ham as the sole candidate for the next chairman of Hana Financial Group.
Accordingly, Vice Chairman Ham is expected to be officially appointed as the next CEO and chairman of Hana Financial Group for a three-year term after the upcoming regular shareholders' meeting and board of directors meeting next month. With Kim Jung-tae, who served four consecutive terms as chairman of Hana Financial Group, stepping down, a new leader will emerge after 10 years.
Previously, on the 28th of last month, the recommendation committee selected five final candidates (shortlist) for the next chairman, including three internal candidates: Vice Chairman Ham, Park Sung-ho, President of Hana Bank, and Yoon Kyu-sun, President of Hana Capital; and two external candidates: Lee Sung-yong, former CEO of Bain & Company Korea, and Choi Hee-nam, former President of Korea Investment Corporation. The committee conducted in-depth interviews with these candidates on the day.
Vice Chairman Ham was highly praised for leading the integration of Hana Bank and Korea Exchange Bank as the inaugural integrated bank president, as well as for promoting ESG (Environmental, Social, and Governance) management as the group’s ESG Chief Vice Chairman.
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The recommendation committee stated, “Candidate Ham has delivered management performance in terms of Hana Financial Group’s stability and profitability and demonstrated smooth and outstanding leadership in organizational management. We judged him to be the right person to proactively lead the rapidly changing future, including digital transformation.”
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