이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Posco CEO willing to serve another 3-year term
- Collected
- 2016.12.11
- Distributed
- 2016.12.12
- Source
- Go Direct
He revealed his plan at a board meeting held on Friday afternoon. “There are still many things to be done to complete the streamlining process and gain new growth momentum, ” Kwon said, adding that there would be no appropriate successor to replace him for now. He has spearheaded efforts to raise 7 trillion won ($5.97 billion) in cash liquidity through restructuring of non-core assets and saving costs over the past three years, amid the slowdown in the global steel industry. He predicted the company to reach about 80 percent of the target before his first term ends in March next year. However, he has been under probe over alleged involvement in the notorious Choi Soon-sil scandal that ultimately got President Park Geun-hye impeached on Friday. The prosecution has been looking into his questionable dealings regarding Posco’s former in-house advertisement firm Poreka last year, which benefited Cha Eun-taek, a TV commercial director and a close friend of Choi Soon-sil, the infamous confidante of President Park Geun-hye.
Under the company’s regulations, a chief executive officer (CEO) is required to inform the board of his intention whether to stay or leave three months prior to the termination of the term. Kwon came into office on Mar. 14, 2014.
His re-election will be determined by the company’s CEO Candidate Recommendation Committee that consists of six outside directors by early next year.
By Moon Ji-woong
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]