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Shinhan Financial Group headquarters in Jung-gu, Seoul. (Photo: Shinhan Financial Group) |
[Alpha Biz= Paul Lee] SEOUL, December 18 — The Chairman Candidate Recommendation Committee (CCRC) of Shinhan Financial Group announced that it has shortlisted four candidates for the group’s next Chairman and CEO:
Jin Ok-dong, current Chairman of Shinhan Financial Group;
Jung Sang-hyuk, CEO of Shinhan Bank;
Lee Sun-hoon, CEO of Shinhan Investment & Securities;
and one external candidate, whose name will not be disclosed at the candidate’s request.
The committee has conducted three rounds of in-depth reviews of a wide pool of internal and external candidates since launching the succession process in September.
Kwak Soo-geun, Chair of the CCRC, stated, “We have carried out the succession process transparently, based on the committee’s independence and fairness, in line with the group’s governance best practices. After active discussions, we have finalized the shortlist.”
Kwak added that the committee will hold a separate session with the external candidate to provide an overview of Shinhan Financial Group and conduct a Q&A. The secretariat will assist candidates in preparing for final evaluations.
The next CCRC meeting, scheduled for December 4, will be held in an expanded format with participation from all outside directors. The committee will evaluate each candidate’s performance, capabilities, qualifications, and reputation, followed by presentations and interviews, before recommending a final nominee.
The final candidate will be confirmed by a vote of the full Board of Directors and will assume office after approval at the March 2025 annual general meeting.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
