Shinhan Financial Group Chairman Jin Ok-dong. (Photo=Shinhan Financial Group)

[Alpha Biz= Reporter Kim Sangjin] Shinhan Financial Group’s Subsidiary CEO Nomination Committee (SCNC) held a meeting on the 10th to begin the succession process for 12 subsidiary CEOs whose terms will expire between the end of this year and early next year.

The subsidiaries include Shinhan Bank, Shinhan Card, Shinhan Life, Shinhan Capital, Jeju Bank, Shinhan Savings Bank, Shinhan Asset Trust, Shinhan DS, Shinhan Fund Partners, Shinhan REITs Management, Shinhan Venture Investment, and EZ General Insurance.

Prior to the meeting, the SCNC revised the "Subsidiary CEO Succession Plan," which includes provisions such as initiating the succession process for the bank president three months prior to the term's expiration and implementing a regular process for selecting a long list of CEO candidates for subsidiaries. Following these revisions, the committee has selected candidates and will continue deliberations to recommend CEO candidates for the subsidiaries.

 

 

 

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