KB Financial Group announced on the 26th that it held a board meeting right after the regular shareholders' meeting and appointed Cho Hwa-jun as the board chair.
The new chair, Cho Hwa-jun, holds a doctorate in accounting and is a financial and fiscal expert with extensive experience and insight, having served as the chief financial officer for KTF and BC Card, as well as the CEO of KT Capital, where he was recognized for his management and supervisory abilities.
In addition to faithfully carrying out duties as a Commissioner, Chair Cho has contributed to the efficient operation of the KB Financial board and various committees based on his excellent communication and problem-solving skills.
KB Financial has appointed a woman as the board chair for the second consecutive year, leading efforts to enhance board diversity as part of its commitment to improving governance. The ratio of female outside directors also stands at 42.8%, maintaining a level similar to major global financial firms such as Citigroup (53.8%), Wells Fargo (38.5%), and Bank of America (35.7%).
A KB Financial official noted, "By ensuring diversity on the board, we plan to protect the interests of various stakeholders and steadily implement plans to enhance corporate value while advancing governance."
At this shareholders' meeting, four reappointed outside directors, including Cho Hwa-jun, Ye Jeong-sung, Choi Jae-hong, and Kim Sung-yong, along with two newly appointed outside directors, Professor Cha Eun-young of Ewha Womans University and Kim Seon-yeop, the CEO of Lee Jung Accounting Corporation, were appointed. Lee Hwan-joo, the chairman of KB Kookmin Bank, also joined the board as a non-executive director.