Kumho Petrochemical held a board meeting on the 9th and revealed five director candidates.
With the expiration of five of Kumho Petrochemical’s ten directors this year, Kumho Petrochemical explained that it has selected four outside directors and one internal director with expertise in fields such as finance, legal, ESG, gender diversity, and sales. .
As the first candidate for an outside director, Jeong-mi Lee, attorney at Logos Law Firm, was recommended. After completing the 16th Judicial Research and Training Institute, Lee served as a Constitutional Judge at the Constitutional Court until 2017 after serving as a Deputy Judge at the Seoul Central District Court. As a representative female leader who served as the second female constitutional judge in history as well as legal expertise and acting as the head of the Constitutional Court twice, with an open ESG policy based on legal principles, a system for diversity and socially underprivileged within the organization was established. It is evaluated that it can be built.
The second candidate is Professor Park Soon-ae, Graduate School of Public Administration, Seoul National University. Prof. Park has served as a member of the Ministry of Environment’s Central Environmental Conservation Advisory Committee, and is currently a member of the Ministry of Commerce, Industry and Energy’s New and Renewable Energy Policy Council, and a vice-chairman of the Environmental Policy Association. He is an expert in the field of environmental policy. Professor Park is expected to play an important role in embracing his experiences in environmental policy and performance management as ESG policies and discussing concrete implementation plans.
As the third candidate, Do-sung Choi, a seat professor at Gachon University’s Business School, was recommended. Professor Choi served as the president of the Korea Securities Research Institute during his tenure as a professor of business administration at Seoul National University. Afterwards, he worked as a member of the Bank of Korea Finance and Monetary Committee, working as an expert in finance/finance. He is currently serving as the director of Impact Finance Korea, which distributes resources for social/environmental projects, and is expected to provide insights on sustainable economic growth. Professor Choi is also a candidate for a member of the Audit Committee.
Fourth, Hwang Lee-seok, a professor at Seoul National University School of Business, is not only preemptively preparing the company’s internal accounting management system based on his expertise in the corporate governance sector, but also an innovative direction in a governance policy environment where non-financial indicators are reinforced. It is expected to present. Professor Hwang served as an outside director or chairman of the Audit Committee of major domestic listed companies in various industries such as LG H&H and CJ CGV. Professor Hwang is also a candidate for a member of the Audit Committee along with Professor Do-Sung Choi.
Meanwhile, as the executive director, Jong-hoon Baek, executive director of the sales division of Kumho Petrochemical, was recommended as a candidate. Executive Vice President Baek is evaluated to have led a step forward in Kumho Petrochemical’s synthetic rubber and synthetic resin divisions, such as NB Latex, through active sales and cost improvement. From 2016 to 2019, when Baek took over the position, Kumho Petrochemical’s separate operating profit rose 125% from 138.6 billion to 299.9 billion. In 2020, despite the shrinking market environment due to Corona 19, the company achieved an operating profit of 7421 billion won on a consolidated basis, establishing the foundation for improved profit generation. [프레스맨]