KB Financial Group Recommends Current President Lee Jae-geun as Next Kookmin Bank CEO Candidate

Appointment Confirmed at Shareholders' Meeting
President Lee's Reappointment Term Set for 1 Year

Lee Jae-geun, President of KB Kookmin Bank. Photo by KB Financial Group

KB Financial Group announced on the 30th that it has recommended the current President Lee Jae-geun as the sole candidate for the next President of KB Kookmin Bank.

On the same day, KB Financial held a subsidiary CEO candidate recommendation committee meeting and made this decision. The reappointment term is one year.

The recommendation committee stated, "Since President Lee took office in 2022, he has demonstrated excellent management performance over two years despite challenges such as COVID-19 and the global economic downturn," adding, "As a leader who emphasizes execution over planning, he has shown the capability and leadership for change and innovation to drive sustainable growth, as well as management expertise."

Candidate Lee has experience in key core roles within KB Financial Group, including Head of the Bank Sales Group (Executive Vice President), Head of the Bank Management Planning Group (Senior Executive Vice President), and CFO of the holding company (Chief Financial Officer, Senior Managing Director). He has also served as a member of the 'Management Control Committee,' a body that discusses major group agendas.

KB Kookmin Bank will hold a bank president candidate recommendation committee next month to conduct in-depth interviews and evaluations of the candidates before recommending the final candidate. The appointment of the president will be finalized at the shareholders' meeting.

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