DGB Geumyung Chairman Concurrent Position
DGB Financial Group announced on the 20th that it held the Group Executive Candidate Recommendation Committee meeting and recommended the current president, Hwang Byung-woo, as the next CEO candidate of iM Bank.
Based on a verification program conducted over the past three months, a comprehensive judgment was made, and Hwang Byung-woo, who received the highest evaluation, was recommended as the next bank president candidate. Candidate Hwang Byung-woo presented a feasible vision and strategy for iM Bank, which has transformed into a commercial bank, based on his outstanding insight. In particular, he was judged to be the right person to lead iM Bank’s leap to its new vision of the “New Hybrid Bank” and organizational stabilization at this transitional stage of conversion to a commercial bank.
Born in 1967, candidate Hwang graduated from the Department of Economics at Kyungpook National University and earned his master's and doctoral degrees from the same graduate school. After joining iM Bank in 1998, he researched regional economy and financial markets at the Economic Research Institute. Since 2012, he has held various positions including head of the Management Consulting Center, branch manager, bank secretariat chief, and head of the holding company’s management support office.
After his promotion to executive, he served as head of Group Future Planning, head of Management Support Office, director of the Board Secretariat, and head of Group Sustainability Management as well as director of the ESG Strategy Management Research Institute at DGB Financial Group. After being appointed president of iM Bank last year, he was appointed chairman of DGB Financial Group in March this year and is currently serving concurrently as president of iM Bank.
In accordance with the financial authorities’ “Best Practices on Bank Governance,” the Group Executive Candidate Recommendation Committee initiated the management succession process for appointing the CEO of its affiliate iM Bank on September 27. Subsequently, a long list was selected in early November, and the CEO management succession program was conducted, followed by the selection of a short list (final candidates) in early December.
Lee Seung-cheon, chairman of the Group Executive Candidate Recommendation Committee, said, “To continue a fair and transparent management succession process, we comprehensively evaluated the assessments of the committee members in various fields and the opinions of external experts.” He added, “In an uncertain management environment, candidate Hwang Byung-woo, who possesses crisis management skills, communication capabilities, and drive, was judged to be the competent person to successfully establish iM Bank as a commercial bank and lead the group’s sustainable growth.”
Candidate Hwang Byung-woo, who was recommended as the final candidate, will be appointed as the 15th bank president after going through the iM Bank Executive Candidate Recommendation Committee and an extraordinary general meeting of shareholders to be held later. His term will be one year, until December 2025.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
