POSCO Board Recommend Chairman Mr Choi Jung-woo as Next CEO
POSCO's board of directors have unanimously voted on December 11 to recommend Chairman Mr Choi Jeong-woo, whose term is to expire in March, to
POSCO's board of directors have unanimously voted on December 11 to recommend Chairman Mr Choi Jeong-woo, whose term is to expire in March, to the shareholders' meeting as a candidate for the next CEO. The decision came after the CEO candidate nomination committee, which consists of all outside directors, reported to the board the results of its review of qualifications that Chairman Mr Choi is suitable for the next CEO candidate.
The board of directors voted last month to form a committee and examine Choi's qualifications as the next CEO following Choi's announcement of his intention to serve a second term.
Over the past month, the committee conducted interviews with various internal and external officials, including investment companies, customers, business partners, and former executives and employees, and held seven meetings to conduct objective and close assessments of management reform and performance since taking office.