BNK Financial Group replaces the heads of Busan Bank and Kyungnam Bank at the same time. The head of the Busan Bank Bum Dae-in and the head of the Gyeongnam Bank Hwang Yoon-cheol declared’retirement’. It is interpreted as a strategy to overcome the group’s sluggish performance after the Corona 19 incident through renovation.
The Busan Bank Executive Candidate Recommendation Committee held a meeting on the 9th and selected vice-president Gam-chan Ahn and vice-president of BNK Financial Group Myeong Hyeong-guk as a shortlist (final candidate) of the next president. On the same day, Kyongnam Bank Lim Chu-wi selected Choi Hong-young, vice president, and Kim Young-young, vice president of BNK Financial Group as the final candidates. It was reported that on this day, the presidents Bin and Hwang announced their intention to voluntarily resign in a presentation to the candidates.
The two banks’ Lim Chu-wi plans to recommend the final candidate to the board of directors after interviewing candidates for the president in mid-month. The final decision is made at the shareholders’ meeting on the 25th.
Lim Chu-wi of the two banks has prepared a long list (potential candidates), including the Bin and Hwang, and has been promoting the work of selecting candidates. Directors Bin and Hwang announced voluntary resignation, but Lim Chu-wi also believes that change is necessary to rebound. Busan Bank’s net profit was 3748 billion won in 2019, but fell to 308.5 billion won last year. Gyeongnam Bank also saw its net profit drop from 1817 billion won to 1646 billion won during the same period.
Reporter Jeong So-ram [email protected]
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