Daewoo Shipbuilding & Marine Engineering to Change Company Name to 'Hanwha Ocean' at the General Meeting on the 23rd

Daewoo Shipbuilding & Marine Engineering will change its company name to 'Hanwha Ocean.'

On the 8th, Daewoo Shipbuilding & Marine Engineering held a board meeting and decided to convene an extraordinary general meeting of shareholders on the 23rd to approve amendments to the articles of incorporation, including the company name change.

[Image source=Yonhap News]

Additionally, the appointment of a total of nine new directors and audit committee members, including three inside directors, one non-executive director, and five outside directors, will be resolved at the extraordinary general meeting of shareholders.

The inside director candidates are Kwon Hyuk-woong, Vice Chairman of Hanwha Corporation Support Division, Kim Jong-seo, former CEO of Hanwha TotalEnergies, and Jeong In-seop, former CEO of Hanwha Energy.

Kim Dong-kwan, Vice Chairman of Hanwha Group, was nominated as a non-executive director candidate.

Also, the outside director candidates include Lee Shin-hyung, President of the Korean Society of Naval Architects and Ocean Engineers (Professor of Naval Architecture and Ocean Engineering at Seoul National University), Hyun Nak-hee, Professor at Sungkyunkwan University School of Law, George P. Bush, Partner at Michael Best & Friedrich LLP, Kim Jae-ik, former CEO of KDB Infrastructure Asset Management, and Kim Bong-hwan, Professor at Seoul National University Graduate School of Public Administration.

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