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

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