Kwon Kwang-seok, head of Woori Bank (pictured), was reappointed and the term of office was extended by one more year. Woori Finance announced on the 4th that it held the Subsidiary Representative Director Candidate Recommendation Committee (Self-Cold) and recommended Kwon Kwang-seok, the current president, as the next president of Woori Bank. The additional term is one year. At the time of his inauguration last year, Chairman Kwon was granted a one-year term, and his term expires on the 24th of this month. Under the current commercial law, the term of office as a bank president is up to three years. The appointment of President Kwon is confirmed through the Bank Officer Candidate Recommendation Committee and the Board of Directors held on the 5th, and a regular general shareholders’ meeting held on the 25th of this month.
Ja Chuwi, chaired by Woori Finance Chairman Son Tae-seung, consists of seven members, including Park Sang-yong, an emeritus professor at Yonsei University. After taking office, Mr. Kwon said, “After Chairman Kwon took office, he is striving for organizational stability and stability despite the difficult internal and external financial environment such as the Corona 19 incident, the fact that he is responding quickly to the rapidly changing digital environment, and advanced financial services to customers as part of channel innovation. The recommended background was taken into consideration, such as the strengthening of sales power and the continuity of management by introducing a collaboration system (VG, Dong-A-Dong Group system) between branches that provides the company.”
However, although there were observations that the term of office would be guaranteed for two years this time, it is known that sluggish performance was the main cause of limiting the term of office to one year. Last year, Woori Bank’s net profit was only 1.363 trillion won. This is the lowest among the five commercial banks.
Chairman Kwon raised’D·N·A’ as the management topic this year. It is a combination of English initials of digital empowerment, network, and action. The details are, in order, digital innovation, such as strengthening the competitiveness of the mobile application (app)’Woori One Banking’, and a sustainable growth strategy that simultaneously increases bank revenue and customer satisfaction.
On this day, Kim Kyung-woo was also decided to reappoint the CEO of Woori Private Equity Asset Management, but his term of office is also one year. Woori Bank announced that it would simplify administrative documents required for new applications for personal credit loans at branch offices.
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