Samsung SDI Appoints Choi Yoon-ho as Inside Director at General Meeting of Shareholders

Choi Yoon-ho, CEO of Samsung SDI

[Asia Economy Reporter Oh Hyung-gil] Choi Yoon-ho, CEO of Samsung SDI, was appointed as an inside director at the shareholders' meeting held on the 17th.

Samsung SDI held its 52nd regular shareholders' meeting at The-K Hotel Seoul in Seocho-gu, Seoul, with about 100 attendees including shareholders, institutional investors, Vice Chairman Jeon Young-hyun, and CEO Choi Yoon-ho.

At the shareholders' meeting, agenda items such as approval of financial statements, appointment of directors, and approval of the director remuneration limit were passed.

Newly appointed inside director Choi Yoon-ho previously served as Vice President of the Business Support TF and President of Samsung Electronics' Management Support Office, and was appointed CEO of Samsung SDI at the end of last year.

CEO Choi stated, "I feel a great sense of responsibility and mission in taking charge of Samsung SDI, which is gaining attention as a future growth business in batteries and electronic materials," adding, "Based on the diverse experiences accumulated at domestic and overseas sites, I will work together with employees to make Samsung SDI a truly number one company."

Vice President Jang Hyuk, who was an inside director, resigned for personal reasons, leaving Samsung SDI with a total of seven board members: three inside directors and four outside directors.

Additionally, the dividend amount was decided to remain the same as last year, with 1,000 KRW for common stock and 1,050 KRW for preferred stock.

The director remuneration limit was set at 16.5 billion KRW. The company explained, "Out of the 19 billion KRW director remuneration limit last year, 6.3 billion KRW was executed, and this year, considering uncertain internal and external management conditions, the amount was reduced by 2.5 billion KRW compared to last year."

Samsung SDI Vice Chairman Jeon Young-hyun emphasized, "This year, for electric vehicle batteries, we will accelerate the strengthening of research and development (R&D) capabilities to secure a technological gap, secure technological competitiveness, and proceed smoothly with the development of future technologies such as the next-generation Gen.6 platform and all-solid-state batteries."

Samsung SDI held its 52nd Annual General Meeting of Shareholders on the 17th at The-K Hotel Seoul in Seocho-gu, Seoul, with about 100 attendees including shareholders, institutional investors, Vice Chairman Jeon Young-hyun, and President Choi Yoon-ho.