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Appointment of the next CEO of a financial company imminent


Hana Financial Chairman and Woori Bank Chairman nominee selected… Vice Chairman Ham Young-joo and Vice President Lee Won-deok, respectively, are influential

The appointment of CEOs of commercial financial companies is imminent. In March, new financial CEOs are expected to be selected and assumed office.

According to the financial industry on the 30th, Hana Financial Group held a Chairman Candidate Recommendation Committee on the 28th and will succeed Kim Jeong-tae, whose term of office expires in March. Five people including former Bain & Company Korea CEO and Choi Hee-nam, former president of Korea Investment Corporation were selected as short list candidates. Vice Chairman Ham, President Park, and President Yoon are inside the group, while CEO Lee and President Choi are outside personnel. Previously, the Hui Chu committee recently selected a long list of 6 internal candidates and 5 external candidates. Vice Chairman Ham is considered the most likely candidate both inside and outside Hana Financial Group.

“In selecting the final candidate group, the group’s core strategies such as digital transformation, globalization, environment, society and governance (ESG) are stably leading Hana Financial Group’s growth in a time of change and challenge when the boundaries of the financial industry are collapsing. We have selected the right people to carry out the project as candidates,” he explained. It is expected that a successor will be finally appointed in line with the expiration of Chairman Kim’s term in March.

The shortlist was also selected by the Woori Financial Group subsidiary’s CEO Candidate Recommendation Committee (self-compassion committee), which selects the successor of Woori Bank President Kwon Kwang-seok, whose term of office ends in March. The committee selected three candidates as candidates for the next bank president: Lee Won-deok, senior vice president of Woori Financial Group, Park Hwa-jae, executive vice president of Woori Bank’s credit support group, and Jeon Sang-wook, vice president of risk management group. Bank President Kwon was not on the final list and was forced to step down at the end of his term in March. The committee is expected to select and announce the final candidates as early as next week. It is analyzed that Senior Vice President Lee Won-deok is the most likely to be the next Woori Bank president. Along with Woori Financial Group Chairman Son Tae-seung, he is the only member of the company to be listed as an internal director, and he is evaluated as the second-largest financial holding company in de facto acting on behalf of Chairman Son in his absence.

Reporter Lim Dae-hwan hwan91@munhwa.com