Director Kwon Kwang-seok, who led Woori Bank for one year last year, succeeded in reappointing. Woori Financial Group held the Subsidiary Representative Director Candidate Recommendation Committee (Self-Cold) on the 4th and recommended Kwon Kwang-seok, the current president, as the final candidate for the next president of Woori Bank.
At the time of his inauguration last year, Chairman Kwon was given an unusual one-year term, and this time he received a one-year term as well. Under the current commercial law, the term of office as a bank president is up to three years.
The appointment of President Kwon is finalized through the Bank Officer Candidate Recommendation Committee and the Board of Directors on the 5th, and a regular general shareholders’ meeting held on the 25th of this month.
Chairman Kwon, who joined a commercial bank in 1988, left Woori Finance after serving as the head of the External Cooperation Division of Woori Bank, and then the CEO of Woori PE, a subsidiary. He then served as the credit deduction representative of the Saemaul Bank of Korea, and was officially appointed as the head of Woori Bank in March last year.
After taking office, Chairman Kwon gave a score because he is striving for organizational stability and soundness despite the difficult internal and external financial environment such as the Corona 19 (new coronavirus infection) situation.
We also considered the rapid response to the rapidly changing digital environment, the VG (Tokyo Group) system, which is a collaboration system between branches, and is being promoted as part of channel innovation, and management continuity.
Some of the financial sector analyzed that with the background of Chairman Kwon’s reappointment, the burden of leadership change would have been considered in the face of a dispute resolution procedure related to the Lyme incident, sanctions by the financial authorities, and a comprehensive audit of the Financial Supervisory Service.
This is attributed to the fact that it may be difficult to operate a stable organization if the chairman of Woori Financial Group, Son Tae-seung, has been notified of a severe punishment equivalent to a suspension of work due to the rhyme crisis and is replaced by the bank manager.
Chairman Kwon suggested that Woori Bank’s three major management directions this year are ▲ digital innovation ▲ sustainable growth ▲ expansion of the profit base, and announced the goal of improving profitability by strengthening sales power.
On the other hand, Ja Chuwi recommended Kim Gyu-hyun, CEO of Woori Private Equity Asset Management, as the final candidate.