Shinhan Financial Group’s Subsidiary CEO Candidate Recommendation Committee (referred to as the Candidate Committee) held a meeting on the morning of the 5th and recommended Jeong Sang-hyuk, the current president, as the candidate for Shinhan Bank president. Although a shareholders’ meeting is still to come, since Shinhan Financial Group is the major shareholder holding 100% of Shinhan Bank’s shares, today’s candidate recommendation practically confirms Jeong’s two-year term extension.
Born in 1964, candidate Jeong joined Shinhan Bank in 1990 and has held various positions, including the Managing Director of the Management Planning Group, Head of the Consumer Protection Center, and Deputy President in charge of the Capital Market Group. He became the bank president on February 15 last year.
The Candidate Committee explained its recommendation by stating, “He has realized excellent management achievements, including robust asset growth, an increase in non-interest income, and global expansion. He has also led innovations for stable soundness management and future growth.”
Additionally, the Candidate Committee recommended Chang-hoon Park, currently a director, as the successor to Moon Dong-kwon, the president of Shinhan Card, and Seon-hoon Lee, a vice president, as the successor to Kim Sang-tae, the president of Shinhan Investment Corp. Lee Young-jong, the president of Shinhan Life, was also recommended again as a candidate, like Jeong Sang-hyuk.
The meeting was attended by Chairman Jin Ok-dong, as well as four outside directors, Gwak Soo-geun, Bae Hoon, Yoon Jae-won, and Lee Yong-guk.