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Recommendation of Vice President Jae-Geun Lee as the next KB Kookmin Bank President

Chairman Huh In was promoted to Vice Chairman of KB Financial Group

Lee Jae-geun, current vice president of the sales group (pictured), was recommended as the next KB Kookmin Bank president. Chairman Huh In-hyun will be promoted to Vice Chairman of KB Financial Group.

KB Financial Group announced on the 1st that it had held the ‘Affiliate CEO Candidate Recommendation Committee’ and exclusively recommended Lee as the next KB Kookmin Bank president. The recommendation committee said, “This recommendation is based on the consideration of stable management succession and creation of group synergy. He has a high level of understanding of the sales field,” explained the reason for the recommendation. Lee, who was born in 1966, graduated from Seoul High School and Sogang University in the Department of Mathematics. The final decision will be made at the general shareholders’ meeting this month after going through screening and recommendation procedures, including in-depth interviews with the Bank President Candidate Recommendation Committee.

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