Candidate Jeong Jin-wan ‘Expert in SME Operations’
Praised for expert interviews and management plan presentations
Jeong Jin-wan: “Will enhance competitiveness through innovative organizational restructuring and personnel reform”, ‘[Edaily Reporter Song Joo-oh] Woori Financial Group has recommended Jeong Jin-wan, the current Deputy President of the SME Group, as the candidate for the next Woori Bank president. Woori Financial focused on organizational renewal and generational change in selecting Jeong as the nominee.’,
Woori Financial Group announced on the 29th that it held a Subsidiary Representative Candidate Recommendation Committee meeting and recommended Jeong Jin-wan, the current Deputy President of the SME Group, as the next candidate for Woori Bank president.
The Woori Financial Group’s recommendation committee stated, “In compliance with the financial authorities’ exemplary governance practice guidelines, we began the bank president’s succession procedure at the end of September. Given the current bank president, Cho Byung-kyu’s decision not to seek reappointment and considering recent issues with internal control, we have focused on ‘organizational renewal’ and ‘generational change’ in the selection process for the bank president.”
Jeong, born in 1968, graduated from Kyungpook National University with a degree in law. He has held various roles, including manager of the Jongno 3-ga branch, director of the Institutional Sales Strategy Department, director of the SME Strategy Department, head of the Samsung-dong Financial Center, head of the Teheran-ro Financial Center, and director of the Head Office Sales Department, before becoming Deputy President of the SME Group.
Jeong is recognized for his comprehensive experience in domestic and international sales, essential for Woori Bank’s operational needs. Particularly experienced in SME finance, he possesses exceptional strategic mindset and drive. He is considered a practical and field-oriented leader who values work efficiency and genuine communication over formalities.
The committee noted, “We concentrated on finding the right candidate, emphasizing securing management continuity with a current major executive, and the appointment of a young ‘generational change bank president’ for organizational renewal.” They added, “Jeong Jin-wan is the youngest candidate born in 1968, with a good reputation both internally and externally. He received praise in expert in-depth interviews, management plan presentations, and in-depth interviews. We judged him to be the best fit for driving organizational renewal and implementing a corporate finance-centric sales strategy.”
Jeong expressed, “Our primary goal will be the comprehensive innovation of internal controls and reorganization of corporate culture to restore lost trust after recent financial incidents. Through innovative organizational restructuring and performance-oriented personnel reform, we will enhance Woori Bank’s unique core competitiveness and reestablish it as a trusted bank.”
Jeong Jin-wan, recommended by the Woori Financial Group’s committee, will undergo a verification process for qualification and suitability by the bank’s ‘Executive Candidate Recommendation Committee’ in December and will be officially appointed through a general shareholders’ meeting. He is expected to begin his official duties as bank president with a two-year term starting in January next year.