Shinhan Financial Group Committee Finalizes Four Candidates for Next Chairman

The shortlist for the next chairman of Shinhan Financial Group has been narrowed down to four candidates.

The Chairman Candidate Recommendation Committee (the Committee) of Shinhan Financial Group announced on November 18 that it has finalized four candidates for the next chairman and CEO: Lee Sunhoon, CEO of Shinhan Investment & Securities; Jung Sanghyuk, President of Shinhan Bank; Jin Okdong, Chairman of Shinhan Financial Group; and one external candidate.

Shinhan Financial Group Headquarters. Shinhan Financial

Committee Chairman Kwak Sookeun stated, "In accordance with the Group's management succession plan and exemplary governance practices, we conducted the succession process transparently, based on the Committee's independence and fairness." He added, "Through active discussions among committee members, we have selected the final shortlist of candidates." The external candidate will not be disclosed in accordance with the candidate's own request.

The Committee plans to conduct a comprehensive evaluation of each candidate's performance, capabilities, and qualifications on December 4. After individual presentations and interviews, the Committee will recommend the final candidate.

Afterwards, the final candidate will be reviewed and confirmed for suitability by the full board of directors. The candidate will be officially appointed as chairman following approval at the regular shareholders' meeting of Shinhan Financial Group in March next year.

The term of the current chairman, Jin Okdong, who took office in March 2023, runs until March next year.

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