Posco Holdings has confirmed a total of six finalists to compete for the Korean steel giant's top post, as the current Chairman Choi Jeong-woo’s official term is due to expire in March. On Wednesday, the company's CEO Recommendation Committee unveiled the six chairman candidates, including three Posco veterans and three outsiders, after their eight meetings over the past few weeks. The committee has b.
Former LG Energy Solution CEO Kwon Young-soo, ex-Hyundai Steel Vice Chairman Woo Yoo-cheol and Korea National Oil Corp. CEO Kim Dong-sub were included on a shortlist of candidates announced, Wednesday, to become the next chairman of POSCO Group.
The outgoing POSCO Group chairman and nonexecutive directors of the steelmaker’s holding company are under investigation, due to a seven-day trip to Canada they took last August, which cost 680 million won ($517,000), according to the police and the company, Friday.
Rumors including one involving a top presidential aide have been spreading since last Thursday when POSCO Group started a process to appoint its next chairperson, according to industry officials, Tuesday.
POSCO Group will hold a meeting of its holding firm’s directors on Dec. 19, in an apparent move to appoint the next chairperson to lead the nation’s fifth-largest business group over the next three years, according to industry officials, Monday.