2023-05-26 05:55:02
Cho Byung-gyu, CEO of Woori Financial Capital, was nominated as the next president of Woori Bank. As Woori Financial Group Chairman Lim Jong-ryong emphasized, it seems that the company is determined to enhance its competitiveness in the field by appointing a corporate finance expert.
Woori Financial Group held a subsidiary candidate recommendation committee on the 26th and held a final interview with Woori Financial Capital CEO Cho Byung-kyu and domestic sales division head Lee Seok-tae, who were named as the final candidates.
Analysts say that Candidate Byeong-kyu Cho’s appointment as Woori Bank president was related to Chairman Lim Jong-ryong’s prioritization of strengthening Woori Bank’s corporate finance competitiveness.
In this regard, Chairman Lim Jong-ryong expressed his will to strengthen the corporate finance field in his inaugural address, saying, “We must be reborn as a strong player in the corporate finance market with more differentiated competitiveness.”
CEO Cho Byeong-gyu was born in 1965 and started his career in finance by joining a commercial bank in 1992. He served as the head of the review department of a large company, the head of the strategic planning department, the head of the Gangbuk sales department, the compliance officer, the executive vice president of the management planning group, and the executive vice president of the corporate group.
In particular, while building his career, he made the Sangil Station branch the No. 1 store, and stood out in the corporate finance field by winning the first and second place twice in the KPI (Performance Evaluation Criteria) of all banks while working as the corporate branch manager of the Corporate Sales Headquarters at the head office. .
In December 2022, he was awarded the Silver Tower Order of Industrial Service Merit for Small and Medium Venture Business Financial Support by the Ministry of SMEs and Startups for implementing various small and medium-sized business support policies to solve the economic recession caused by Corona 19 and financial difficulties of small and medium-sized enterprises. took
Jachuwi also said, “According to the group’s management policy that holding companies value strategy and affiliates value sales, we put top priority on sales power.” was highly appreciated,” he explained.
The Jachu Committee evaluated Candidate Cho not only as a corporate finance expert but also as a person who can restore customer trust that has been lost due to a series of financial accidents and put an end to the conflict between factions deeply rooted in the bank.
While serving as a compliance officer, he promoted the Anti-Money Laundering Department to the Anti-Money Laundering Center, which is evaluated to have contributed to further enhancing the transparency of financial transactions.
In addition, it took the lead in improving the internal control system, which is the top task in the financial sector, by expanding the Compliance Support Department to the Compliance Office to strengthen internal control. This is why he is evaluated as the right person to correct customer trust that has fallen due to the derivatives-linked securities (DLF) crisis and embezzlement.
In addition, the fact that Candidate Cho took the lead in improving the corporate culture by directly listening to the opinions of employees and deriving mediation plans to improve the corporate culture was also highly evaluated. External experts who participated in the in-depth interview also gave scores to Candidate Cho’s inclusive and moderate leadership. In other words, he was seen as a person who would end the factional struggle between the bank of origin.
Candidate Cho said, “I will do my best to revive Woori Bank’s corporate finance reputation,” and “I will do my best to create a new corporate culture.” Meanwhile, Candidate Cho’s term of office will begin following the shareholders’ meeting scheduled for July 3.
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