Appointment of CEOs in Life and Non-life Insurance Sectors
NongHyup Financial Group announced on the 20th that it held the Executive Candidate Recommendation Committee meeting and completed the candidate recommendation process for the CEOs of its wholly owned subsidiaries, including NongHyup Bank, NongHyup Life Insurance, NH NongHyup Capital, and NH Venture Investment, whose terms are expiring. The recommendation process for successors to the CEOs of NongHyup Property & Casualty Insurance and NH Savings Bank, who expressed their intention to resign for personal reasons on December 10 and 11 respectively, has also been completed.
Kang Tae-young, Vice President of NH NongHyup Capital, was recommended as the next president of NongHyup Bank. The NongHyup Financial Executive Candidate Recommendation Committee initiated the succession process in September, three months before the expiration of the bank president’s term, in compliance with the "Best Practices on Governance of Bank Holding Companies and Banks" implemented by the supervisory authorities. To fully guarantee the role of the bank’s candidate recommendation committee, the committee provided the status of the candidate pool to the bank’s committee, received candidate recommendations, and arranged for the bank committee chairman to attend candidate interviews and submit opinions.
Kang, born in 1966, graduated from Jinju Daeah High School and Konkuk University. He joined the NongHyup Central Association in 1991 and has served as head of the Seoul Gangbuk Business Department of NongHyup Bank and vice president of the DT Division. He is currently serving as Vice President in charge of support at NH NongHyup Capital.
Kang is known as a talented individual with excellent planning and sales skills, based on his many years of experience in credit-related work, as well as his work in the HR and comprehensive planning departments and extensive frontline experience. While serving as vice president of the DT Division, he concurrently held the position of vice president of the Digital Finance Division at NongHyup Financial Group and was recognized as a digital expert who led the transformation of the banking app into a group super platform alongside the group chairman.
Kang Tae-young, Candidate for President of NongHyup Bank. Provided by NongHyup Financial Group
Park Byung-hee, Vice President of NongHyup Life Insurance, was recommended as the CEO of NongHyup Life Insurance. Park, born in 1966, graduated from Daegu Cheonggu High School and Kyung Hee University. He joined the NongHyup Central Association in 1994 and has served as head of the Daegu Sales Headquarters of NongHyup Bank. He is currently serving as Vice President of the Agricultural Cooperative Business Division at NongHyup Life Insurance.
Since the launch of NongHyup Life Insurance, there has never been a case where a sitting vice president was appointed as CEO. NongHyup Financial Group explained that through the recommendation of Park, they expect to boost employee morale and strengthen long-term human competitiveness.
Song Chun-soo, former Vice President of NongHyup Property & Casualty Insurance, was recommended as CEO of NongHyup Property & Casualty Insurance. Song graduated from Masan Jungang High School and Yonsei University. He joined the NongHyup Central Association in 1990 and has served as head of the Marketing Strategy Headquarters and Corporate Sales Department at NongHyup Property & Casualty Insurance, as well as Vice President of the Customer Support Division.
Song Chunsu, Candidate for CEO of NongHyup Property & Casualty Insurance. Provided by NongHyup Financial Group
Jang Jong-hwan, Executive Director of NongHyup Central Association, was recommended as CEO of NH NongHyup Capital. Jang, born in 1966, graduated from Jecheon High School and Kangwon National University. He joined the NongHyup Central Association in 1991 and has served as head of the Public Relations Department at NongHyup Financial Group and head of the Financial Consumer Protection Division at NongHyup Bank. He is currently serving as head of the Mutual Finance Business Support Headquarters at NongHyup Central Association.
Jang Jong-hwan, Candidate for CEO of NongHyup Capital. Provided by NongHyup Financial Group
Kim Hyun-jin, CEO of NH Venture Investment, was recommended for reappointment. Kim is a technology-oriented CEO with a background in science and engineering, having majored in Ceramic Engineering at Yonsei University, earned a master's degree in Weapon Materials Engineering from KAIST, and a Ph.D. in Business Administration from Yonsei University.
Kim Hyunjin, CEO candidate of NH Venture Investment. Provided by NongHyup Financial Group
Kim Jang-seop, former Vice President of NongHyup Life Insurance, was recommended as CEO of NH Savings Bank. Kim graduated from Cheongju Sinhung High School and Seoul National University. He joined the NongHyup Central Association in 1991 and has served as head of the Management Support Department at NongHyup Financial Group, head of the Mutual Finance Asset Management Headquarters at NongHyup Central Association, and Vice President of the Asset Management Division at NongHyup Life Insurance. He is a seasoned financial professional with extensive experience across various corporations and departments within NongHyup.
Kim Jang-seop, Candidate for CEO of NH Savings Bank. Provided by NongHyup Financial Group
The recommended candidates will undergo qualification verification and review by the respective company’s candidate recommendation committee or board of directors within this month, and will be finally appointed at the shareholders’ meeting. Their terms will be from January 1, next year, to December 31, 2026, for two years.
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