KT&G CEO Candidate Selection Committee Announces Four Finalists

Business by 2FIRSTS.ai

Feb.18.2024

KT&G CEO Candidate Selection Committee Announces Four Finalists

KT&G CEO candidate committee selects four potential candidates, including internal ones, to succeed current CEO at upcoming shareholder meeting.

According to a report by the South Korean newspaper Chosun Ilbo on February 17th, the CEO candidate recommendation committee of KT&G (a South Korean tobacco company) has announced that four candidates have been selected for the next CEO position. The candidates are former Samsung Electronics Vice President Kwon Gyu-hyun, KT&G Senior Vice President Bang Kyung-wan, former AK Holdings President Lee Sik-chu, and KGC Ginseng Corporation President Heo Cheol-ho (listed in alphabetical order).

Among them, Fang Jingwan and Xu Zhehao are internal candidates of KT&G, while the other two are external candidates. The committee will conduct in-depth interviews with the candidates and plan to confirm the final candidate and announce it next week. The next CEO will be elected at the regular shareholders' meeting at the end of March.

Previously, the current CEO of KT&G, Baek Pok-in, announced that he will not seek re-election for a fourth term and stated, "As KT&G moves towards 'global top level leap' and transformation, new leadership is needed."

References:

[1] KT&G 사장 후보 4명으로 압축…내·외부 인사 각 2명

Also Read:

[1] Selection Process for Next KT&G CEO Begins

[2] KT&G and PMI Form Long-term Partnership for New Brand Lil

[3] Lack of Professionalism in KT&G's Board of Directors

[4] Next President of KT&G to be Chosen in March

[5] KT&G CEO Baek Bok-in Steps Down, Seeking New Leadership

#Traditional tobacco #Asia #South Korea #Major companies

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

RELX Launches Guide Dog Partner Program in China, Delivers First 10 Trained Dogs

RLX Technology has launched a RMB 4 million guide dog program in China, delivering the first 10 trained dogs as its RELX brand expands social responsibility efforts amid a nationwide shortage.

Nov.14

Spanish Police Seize Over 24,000 Smuggled E-Cigarettes; Two Arrested on Multiple Charges

The Spanish Civil Guard carried out an operation targeting e-cigarette smuggling and illegal distribution, seizing a total of 24,520 e-cigarettes of unknown origin valued at approximately €312,000.

Oct.10 by 2FIRSTS.ai

Al Fakher Parent Company Plans U.S. Listing in 2026 at $1.75 Billion Valuation

According to Bloomberg, Dubai-based hookah brand owner Advanced Inhalation Rituals (AIR) plans to go public on Nasdaq in the first half of 2026 through a merger with a Cantor Fitzgerald-backed SPAC. The deal values the combined company at USD 1.75 billion under the ticker “AIIR.”

Nov.11

Yekaterinburg shuts down illegal e-cigarette oil factory; Russia plans to ban e-cigarette sales

An illegal e-cigarette oil factory was shut down in Yekaterinburg, Russia. The illegal e-cigarette oil was produced under unsanitary conditions, with falsified addresses and production dates on product labels. Some of the employees were hearing-impaired. The Russian government plans a complete ban on e-cigarette sales, which has received support from the president.