Woori Bank CEO Lee Won-duk tendered his resignation, Tuesday, in the lead-up to the official appointment of new Woori Financial Group Chairman Yim Jong-ryong who competed with Lee for the nomination last month. Lee s decision came on the same day the banking group carried out a reshuffle of the CEOs of eight affiliates whose terms expired.
Financial groups opt for stable leadership in CEO appointment
Posted : 2020-12-19 23:34
Shinhan and KB reappoint most CEOs of their key affiliates with new terms
By Anna J. Park
Shinhan Financial Group has chosen a path of leadership stability for the next couple of years, after reappointing 11 incumbent CEOs out of its 14 affiliates to continue in their positions for one or two year terms.
The group said Friday that top management, including Chairman Cho Yong-byoung, had decided that the 11 would keep their posts at least for the next year. Out of them, Shinhan Bank CEO Jin Ok-dong and Shinhan Card CEO Lim Young-jin, who head the two key affiliates of the financial giant, were given two-year terms.