BNK Financial Group Confirms CEO Succession Schedule

BNK Financial Group CI.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] BNK Financial Group held an Executive Candidate Recommendation Committee meeting on the morning of the 18th and finalized the plan to proceed with the CEO succession process.

At the Executive Candidate Recommendation Committee held on the 14th, it was decided to initiate the CEO succession process.

On that day, there was also a general discussion about the succession process plan, and the Executive Candidate Recommendation Committee finalized the future schedule and detailed procedures.

First, according to the CEO succession plan, the final CEO candidate will be selected through a fair and transparent process. To this end, in addition to the 9 internal CEO candidates, two external advisory firms will be asked to recommend candidates to add to the external candidate pool.

The final CEO candidate pool (Long-List) will be confirmed at the next Executive Candidate Recommendation Committee meeting, considering the schedule required for the external advisory firms to recommend candidates.

Also, the Executive Candidate Recommendation Committee plans to hold approximately four additional meetings, during which document screening evaluations will be conducted on the CEO candidate pool (Long-List) to narrow it down to the first candidate group.

Subsequently, presentations, interview evaluations, and external reputation checks will be reflected to narrow down to the second candidate group, and the final candidate will be recommended through in-depth interviews.

The chairperson of the Executive Candidate Recommendation Committee said, “As social attention has recently focused on the BNK Financial Group CEO succession process, we plan to proceed with the succession process more fairly and transparently than ever before,” adding, “We will be cautious to select the right person who can lead the group’s development well by turning BNK’s management philosophy practice and changes in the financial industry paradigm into opportunities.”

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