POSCO Pepper Committee Requests 'CEO Recommendation' from Shareholders... 10 Search Firms Also Selected

External candidates can apply to search firms
Each company plans to recommend up to 3 candidates

The POSCO Holdings CEO Candidate Recommendation Committee (hereinafter referred to as the Committee) announced that, following the previous day, it held its third meeting on the 29th and began requesting chairman candidate recommendations from major domestic and international shareholders.

On this day, the Committee sent official letters to shareholders holding 0.5% or more of POSCO Holdings shares, applying the shareholder proposal standards under the Commercial Act related to the discovery of chairman candidates.

Additionally, to proceed with the headhunting agency recommendation process, the Committee selected 10 leading domestic and international search firms as recommended search firms, including Grace & Partners, Briscan Young, Stanton Chase International, Unico Search, U & Partners, Career Care, and Pathfinder.

Any candidate wishing to participate in the chairman appointment process can apply to one of these search firms. Each search firm can recommend up to three candidates. The candidate recommendation method through search firms is evaluated to be more sophisticated and professionally verified than the general open recruitment method, ensuring transparency, fairness, and effectiveness.

POSCO Building, Yeoksam-dong, Gangnam-gu, Seoul. Photo by Younghan Heo younghan@

The CEO Candidate Recommendation Committee will continue shareholder and search firm recommendations until January 8 of next year. Once external candidate recommendations are completed, the results will be compiled to form internal and external longlists by mid-January, and the number of candidates will also be disclosed.

Park Hee-jae, Chairman of the CEO Candidate Recommendation Committee, explained at the third meeting, "The new governance improvement measures approved by the POSCO Holdings board on the 19th were derived through comparative analysis of advanced companies in the US and Europe, multiple meetings and internal discussions, and expert consultations."

Furthermore, the Committee reiterated that it will conduct a cold and rigorous review for the future of POSCO and shareholder interests in accordance with the company’s articles of incorporation and board regulations, and will frequently disclose the progress of the process going forward.

This content was produced with the assistance of AI translation services.