Hana Financial Group begins management succession process for CEOs of six major affiliates

Final candidates selected in late October, final candidates selected in early December

(Seoul = Yonhap News) Reporter Chae Sae-rom = Hana Financial Group [086790] announced on the 30th that it held the Group Executive Candidate Recommendation Committee and initiated the CEO management succession process for six major affiliates, including Hana Bank, Hana Securities, Hana Card, Hana Capital, Hana Life Insurance, and Hana Savings Bank.

Hana Financial Group explained that it has further strengthened the reflection of the opinions of the bank's executive candidate recommendation committee (appointment committee) in the appointment of the bank president.

The bank's selection committee has the authority to recommend candidates for the bank president, and starting this year, it will go beyond the recommendation stage and also express opinions on the short list of candidates.

The group's selection committee shares the final candidates selected through a compression process with the bank's selection committee, and the chairman of the bank's selection committee attends the evaluation process to select the final candidates and directly conveys the bank's selection committee's opinions.

The group hiring committee will go through a condensed process and select a final group of no more than three candidates from each of the six major affiliated companies by the end of October, and will select one final candidate from each company in early December and recommend them to the hiring committee of each company.

The group's selection committee plans to secure a verification period of at least two weeks for each compression stage and apply pre-determined evaluation standards to all candidates to enhance the fairness and objectivity of the evaluation.

Group Appointment Committee Chairman Won Sook-yeon said, “An independent committee centered on outside directors will proceed with the recommendation process according to transparent and fair standards according to the published schedule,” and added, “We will recommend the optimal leader to lead each industry based on competency and performance to each company’s appointment committee.”