According to a report from South Korea's Leading Economic Daily on February 22, the KT&G CEO Candidate Recommendation Committee has decided to recommend Bang Kyung-Man, Senior Vice President, as the final candidate for the next CEO and has submitted the recommendation to the board of directors.
Fang Qingwan, the current Senior Vice President and internal director of KT&G, is widely recognized as a strong candidate for the position of future President. He joined the company in 1998 and has held various positions such as head of the global headquarters, head of business departments, and head of strategic planning headquarters.
During the meeting on February 16, the committee narrowed down the candidate list to four individuals, including KT&G Senior Vice President Fang Jingman, KGC Ginseng Corporation President Heo Tae-ga, as well as two external candidates, former Samsung Electronics Vice President Kwon Jee-hyun and former AK Holdings Group President Lee Sik-joo. This change in leadership, the first in nine years, will be officially confirmed at the regular shareholder meeting in March.
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