DGB Financial Group Confirms Next Chairman Longlist... List Not Disclosed

The DGB Financial Group Chairman Candidate Recommendation Committee (Chairman Recommendation Committee) has selected a longlist of candidates for the next chairman.

On the 19th, the Chairman Recommendation Committee announced that it will conduct a program jointly with external professional organizations to appoint the next CEO through a fair and transparent process. The committee structured the program by systematizing the entire candidate recommendation process step-by-step. The committee explained that the verification methods were diversified and advanced to enable objective and detailed evaluations.

The program will involve seven outside directors, two external professional organizations, and 14 external experts from various fields. The step-by-step procedures and evaluation methods will be disclosed to the candidates in advance to ensure fairness and equity among them.

According to the first stage longlist selection program, the committee conducted qualification verification, document screening, and multi-faceted evaluation (assessment inquiry) for both internal and external candidates.

Going forward, the committee will select the second-stage candidate group (shortlist) in February through a systematic and diverse program including in-depth interviews with outside directors, behavioral interview evaluations, evaluations by specialized organizations in each business area, in-depth aptitude tests, and in-depth interviews and interviews by external experts.

For the shortlisted candidates, the final candidate will be confirmed through a ‘business plan and vision presentation’ and a ‘1:1 mentoring program with CEO-level external experts’ to comprehensively evaluate their management capabilities as the group CEO.

Chairman Recommendation Committee Chairman Choi Yong-ho said, “The experience of successfully appointing the DGB Daegu Bank President by introducing the nation’s first core talent development program became the driving force to plan the chairman succession program. Since this program is also the first of its kind in the country, we will complete it successfully based on fairness, transparency, and independence to make it a model case of management succession.”