SK Appoints Jang Yong-ho as New CEO... Outside Directors Constitute 63%

On the morning of the 27th, SK Inc. held its 33rd Annual General Meeting of Shareholders at the SK Seorin Building Supex Hall and appointed President Jang Yong-ho as the new CEO.

At the meeting, five agenda items were approved, including the approval of financial statements, appointment of inside directors, appointment of outside directors and audit committee members, limits on directors' remuneration, and amendments to the executive retirement benefit regulations.

Jang Yong-ho, CEO of SK Inc.

As a new outside director, Yoon Chi-won, former Chairman of UBS Asia Pacific, was appointed. Newly appointed outside director Yoon, an MBA graduate from the Massachusetts Institute of Technology, is expected to contribute to upgrading SK Inc.'s management level based on his extensive experience at multinational investment firms and profound financial knowledge. The reappointment of outside director Kim Sun-hee was also approved.

The SK Inc. board of directors was reorganized from a nine-member structure to an eight-member structure, with the number of inside directors reduced from four to three while maintaining five outside directors. The proportion of outside directors increased by approximately 7 percentage points to 62.5%. There are two female outside directors, making the female ratio among outside directors 40%.

An agenda to update the limits on directors' remuneration and executive retirement benefit regulations was also proposed and approved as originally planned. Considering the overall reduction in the number of directors and the actual execution rate of directors' remuneration to date, SK Inc. reduced the directors' remuneration limit from 22 billion KRW to 18 billion KRW and amended the executive retirement benefit regulations.

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