SK Inno Recommends Jang Donghyun, Vice Chairman of SK Inc., as Internal Director Candidate
[Asia Economy Reporter Oh Hyung-gil] SK Innovation announced on the 21st that it has recommended three internal and external director candidates to be appointed at the regular shareholders' meeting in March.
The board of directors resolved to recommend SK㈜ Vice Chairman Jang Dong-hyun as a candidate for non-executive director, replacing SK E&S Vice Chairman Yoo Jung-joon. Vice Chairman Jang was nominated in recognition of his outstanding management capabilities, including expanding SK Group's portfolio.
The board explained, "Vice Chairman Jang Dong-hyun, known as a leading financial expert within the group, is expected to greatly contribute to SK Innovation's board decision-making based on his high capabilities in various fields such as marketing and strategy. Especially as board-centered management is emphasized and communication with major shareholders becomes important, his role as CEO of major shareholder SK㈜ will help facilitate communication with the board."
Additionally, external director Kim Joon, chairman of Kyungbang, whose term expires in March, and Ha Yoon-kyung, professor at Hongik University, will be succeeded by Professor Kim Tae-jin of Korea University and former Citibank president Park Jin-hoe, who were recommended as new external director candidates.
It is reported that Professor Kim was considered for being a young and capable legal professional, and candidate Park Jin-hoe for being an expert in finance and financial management.
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The internal and external director candidates will be formally appointed after approval at the SK Innovation shareholders' meeting to be held on the 31st of next month.
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