Woori Financial Group (Chairman Lim Jong-ryong) held a Subsidiary CEO Candidate Recommendation Committee (hereinafter referred to as “the Committee”) on the 29th and announced on this day that it recommended Jeong Jin-wan, current Vice President of the Small and Medium Business Group, as the next Woori Bank President candidate.
Woori Financial Group’s self-governance committee said, “In line with the financial authorities’ best governance practice guidelines, we initiated management succession procedures for the bank’s president at the end of September. Since then, the current president of the bank, Byeong-gyu Cho, has communicated to the board of directors that he will not seek a second term, and internal control issues have recently emerged. Considering these factors, we have been carrying out the process of appointing the bank president with a focus on ‘organizational reform’ and ‘generational change.’”
Woori Financial Group has been gradually condensing the candidates for Woori Bank President into a long list and a short list in accordance with the ‘Subsidiary CEO Management Succession Plan’. In addition, according to the ‘Bank President Candidate Selection Program’ process, the capabilities of the candidates were objectively and multifacetedly verified.
The program had a total of four stages, and for long-list candidates, △ (Stage 1) in-depth interview with external experts △ (Stage 2) reputation inquiry △ (Stage 3) CEO mentoring and board of directors interview were conducted. The final bank president candidate was confirmed through transparent and fair procedures, including △ (Step 4) management plan PT and in-depth interviews, targeting the shortlisted candidates thus compressed.
Candidate Jeong Jin-wan, born in 1968, graduated from the Department of Law at Kyungpook National University and joined the company in 1995. He served as the head of the Jongno 3 Branch Branch, the head of the Institutional Sales Strategy Department, the head of the Small and Medium Business Strategy Department, the head of the Samsung-dong Finance Center, the head of the Teheran-ro Finance Center, and the head of the main branch sales department, and is currently the vice president of the Small and Medium Business Group. I am in charge.
Candidate Chung has extensive experience in domestic and overseas sales sites, and has the sales skills needed by Woori Bank. In particular, he is a person with an outstanding strategic mind and driving force based on his long experience and outstanding expertise in the field of small and medium-sized business finance. He is also said to be a practical, field-oriented leader who values work efficiency and sincere communication rather than being tied to formality.
Woori Financial Group’s self-governance committee explained, “As current key executives, we focused on securing management continuity and appointing a young ‘generational change bank president’ to reform the organization, and finding the right person among the bank president candidates.”
In addition, “Candidate Jin-wan Jeong is the youngest candidate among the candidates, born in 1968, and has a good reputation both internally and externally and was well-received in in-depth interviews with experts, management plan PTs, and in-depth interviews,” he said. He said about the background of his appointment, saying, “I judged him to be the best person to carry out the project.”
Bank President candidate Jeong Jin-wan said, “To restore trust in the bank that has been lost due to a series of recent financial accidents, we will prioritize comprehensive innovation in internal control and reorganization of corporate culture.” He added, “Woori Bank will pursue innovative organizational reorganization and performance-oriented personnel reform.” “We will improve our core competitiveness and become a trusted Woori Bank,” he said.
Meanwhile, candidate Jeong Jin-wan, who was recommended by the Woori Financial Group’s Self-Government Committee, will be officially appointed at the general shareholders’ meeting after his qualifications and suitability are verified by the bank’s ‘Executive Candidate Recommendation Committee’ in December, and will serve a two-year term as the bank president starting in January of next year. Official work is scheduled to begin.
Source: www.nextdaily.co.kr
