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KB Financial narrows down chair race to 3 candidates

KB Financial Group on Thursday shortlisted three candidates for its next chairman, including incumbent Chairman Yang Jong-hee, setting the stage for a final decision on whether he will secure a second term. The two other candidates are KB Financial Senior Executive Vice President Lee Jae-keun and former Woori Bank CEO Kwon Kwang-seok. The chairman candidate recommendation committee initially…

KB Financial narrows down chair race to 3 candidates

KB Financial Group has narrowed down its search for a new chairman to three candidates, including current Chairman Yang Jong-hee. If Yang secures another term, he will join Lee Jae-keun, Senior Executive Vice President, and Kwon Kwang-seok, a former CEO of Woori Bank, in the running. The initial candidate pool included six individuals, such as Lee Chang-kwon, Senior Executive Vice President, and Lee Hwan-ju, CEO of KB Kookmin Bank.

The group will conduct thorough interviews with the three shortlisted candidates on September 11 and ultimately choose a single nominee. The final decision will be announced at a shareholder meeting in November, following Yang's current term expiration. The committee assures that the selection process is unbiased and transparent, seeking the most suitable candidate capable of earning the trust of all stakeholders.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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