KB Financial Group Recommends Ihwanju as the First CEO of KB Life Insurance
[Asia Economy Reporter Bu Aeri] KB Financial Group announced on the 23rd that its Subsidiary CEO Candidate Recommendation Committee (Daechuwi) held a meeting and recommended Lee Hwan-joo, CEO of KB Life Insurance, as the inaugural CEO of KB Life Insurance.
KB Life Insurance is a merged corporation of Prudential Life Insurance and KB Life Insurance.
The Daechuwi reached a consensus that, to overcome the complex crises arising from internal and external environmental changes and to respond to the insurance market environment requiring a paradigm shift, a person with proven management ability and leadership is necessary.
If CEO Lee is confirmed as the CEO of KB Life Insurance, his term will be two years starting from January next year.
CEO Lee has served as Executive Vice President and Chief Financial Officer (CFO) of KB Financial Group, Deputy Head of the Management Planning Group at KB Kookmin Bank, Senior Executive Vice President of the Personal Customer Group, Managing Director, and Head of the Foreign Exchange Business Division.
A Daechuwi official said, "He was selected as the optimal candidate for ‘integrated leadership’ capable of leading perfect physical and chemical fusion through exceptional balance and inclusive leadership."
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'KB Life Insurance' will officially launch on January 1, 2023. Currently, Prudential Life Insurance and KB Life Insurance are actively preparing for the launch of the integrated life insurance company through joint operations in IT, accounting, and HR fields, unifying workspaces into the integrated office building 'KB Life Tower,' and conducting workshops for employees.
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