DGB Financial to Decide Daegu Bank President Nominee in September

[Asia Economy Reporter Kim Min-young] DGB Financial Group announced on the 26th that it will proceed with the next Daegu Bank president appointment process as scheduled. The next president nominee will be decided in September.

DGB Financial Holdings has been operating the CEO development program for the final candidates for the next president, announced at the end of last year, as the first in the financial sector. Although some parts of the program, such as overseas training, were canceled due to COVID-19, the appointment schedule remains unchanged.

In February last year, Chairman Kim Tae-oh of DGB Financial temporarily declared dual roles as president and chairman and compiled a longlist for the next president. Currently, three deputy general managers?Hwang Byung-wook, Kim Yoon-guk, and Lim Sung-hoon?are in the final candidate group.

These candidates are currently undergoing the second stage of a three-stage intensive education and evaluation program, which includes important affiliate OJT, focused language skill development courses, the DGB CEO Academy, DGB Executive Sessions, the candidate AC Program, and courses on vision and business plans as presidential candidates.

A DGB Financial official explained, “The DGB Executive Sessions, which are held monthly in the form of meetings to share and resolve group and bank management issues, are proceeding smoothly along with language skill development courses according to schedule. The DGB CEO Academy, which will be conducted as one-on-one mentoring with experts in each field, is scheduled to start on the 27th.” The official added, “Although the selection schedule for the nominee was somewhat postponed to September due to COVID-19, the schedule for appointing the next president by the end of December remains unchanged as originally planned.”

Chairman Kim said, “Although there were some schedule adjustments due to unforeseen circumstances, we are proceeding with a transparent and fair process according to internal regulations and governance codes to select an excellent next president at the highest level in the financial sector.”