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CEO Succession Planning Program to be Re-discussed
2015-02-27On February 27, 2015, the Board of Directors of KB Financial Group Inc. (“KBFG”) discussed the CEO succession planning program to secure continuity in the management of KBFG and to lay the foundations for sustainable growth.
However, the Board of Directors has postponed its final approval of the CEO succession program in response to the increased interest in and various opinions about the program from both within and outside KBFG, which had led to the formation of a consensus that other alternatives that had been suggested should be further examined and discussed in depth.
KBFG has announced that it plans to propose in the near future an optimal plan for continued growth and managerial stability of KBFG and re-discuss such plan at a meeting of the Board of Directors of KBFG.