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POSCO Group announced its decision on Wednesday to replace the CEOs of major affiliates as the nation’s fifth-largest business group prepares to appoint a new chairman following the upcoming regular general meeting of its holding firm’s shareholders on March 21. ....
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. ....
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. ....
Posco Group announced Friday that the group would make public its chair appointment process, dispelling the National Pension Service’s concerns. The group also refuted suspected use of unfair methods to reappoint incumbent Chairman Choi Jeong-woo. “Regardless of the incumbent chairman’s decision (to seek a third term at Posco Group), our committee will review all candidates without bias for the sake. ....