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[Alpha Biz=(Chicago) Reporter Kim Jisun] Park Hee-jae, chairman of POSCO Holdings' board of directors, voluntarily resigned with one year left in his term.

"I would like to resign as chairman of POSCO Holdings' board of directors and outside directors," Chairman Park said in a statement on the 22nd. Park served as chairman of the candidate recommendation committee, which recommends CEOs of POSCO Group.

Park, a professor of mechanical engineering at Seoul National University, joined the board of directors of POSCO Holdings in March 2019. He was re-elected in March 2022, and his term was until March next year. He resigned voluntarily with one year left in his term.

With Chairman Park's resignation, POSCO Holdings' board of directors will be reorganized from the previous 12 to 10. The number of outside directors will be reduced from seven to six, while the number of in-house directors will also be reduced from five to four.

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