Evaluation of External Expert 'Advisory Panel' Candidates
Finalists to Be Decided by the End of This Month
The next chairman candidate pool for POSCO Group has been narrowed down to 18 individuals.
The POSCO Holdings CEO Candidate Recommendation Committee (Candidate Committee) announced on the 17th that it held its 6th meeting with all members participating and finalized a 'longlist' of 18 candidates.
They reviewed the results of external reputation checks on 15 candidates from the 5th meeting and selected 12 external longlist candidates. Including 6 internal longlist candidates, the candidate pool was established. The longlist was not disclosed.
The Candidate Committee requested advice from a 'CEO Candidate Recommendation Advisory Group' composed of five external experts regarding the 18 longlist candidates. The committee explained that the advisory group consists of professionals from various fields such as industry, law, and academia. This advisory group is being conducted for the first time to ensure transparency and objectivity in the candidate screening process for POSCO Group.
Based on self-introductions and reputation reports provided by the Candidate Committee for the candidates on the longlist, the advisory group will evaluate them according to five qualifications required for the chairman candidate. The Candidate Committee stated, "The advisory group will independently and thoroughly verify the candidates' industry expertise and management capabilities."
Reflecting the advisory group's evaluation results, the Candidate Committee plans to decide the 'shortlist' at the 7th meeting on the 24th and finalize the 'finalists' for in-depth interviews by the end of this month.
Meanwhile, regarding the overseas board controversy, the Candidate Committee stated, "All members are deeply aware of the serious situation and humbly accept the criticisms concerning the controversial issues once again."
They added, "As POSCO Group is a proud global company operating worldwide, selecting an excellent candidate as chairman who will be responsible not only for shareholders' interests but also for the future of the national economy and the company's sustainable development is our most important immediate task. We recognize that flawlessly carrying out this heavy responsibility is our top priority, and we promise to work more carefully and fairly to produce the best results for the company and shareholders. We sincerely ask for the understanding and support of shareholders and the public."
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