KB Financial cans incumbent chairman to tap deputy as new leader
KB Financial Group selected Vice Chairman Lee Jae-keun as its next chairman for a three-year term, surprising a market that had widely expected incumbent Chairman Yang Jong-hee to secure another term. Lee was selected over Yang and former Woori Bank CEO Kwon Kwang-seok. His appointment is due to be finalized at a shareholders meeting on Nov. 20, when Yang's current term expires. "The group…
KB Financial Group has named Vice Chairman Lee Jae-keun as its new chairman to succeed incumbent Chairman Yang Jong-hee, who was not reappointed. Lee will serve a three-year term, beginning when Yang's current tenure ends on November 20. The selection was made by the group's recommendation committee, which interviewed and evaluated three candidates - Lee, Yang, and former Woori Bank CEO Kwon Kwang-seok.
The committee assessed each candidate based on professional experience, leadership, morality, alignment with the company's vision, and commitment to sound management. Lee was chosen to spearhead a transformative shift and strengthen the company's core competitiveness, as the group seeks new growth engines beyond its current success.
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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