Woori Financial Group announced that it convened the Subsidiary Representative Director Candidate Recommendation Committee (SRDCRC) and nominated Jeong Jin-wan, currently the vice president of the SME Group, as the sole candidate for the next president of Woori Bank. This decision represents a key move for Woori Bank as it aims to rebuild trust and foster innovation within the organization.
Born in 1968, Jeong has been with Woori Bank since 1995. He holds a law degree from Kyungpook National University and has held several key roles within the bank, including branch manager of Jongno 3-ga, head of the Institutional Sales Strategy Department, head of the SME Strategy Department, head of the Samsung-dong Financial Center, head of the Teheran-ro Financial Center, and head of the Main Branch Sales Department. With extensive experience in both domestic and international sales, particularly in SME finance, he is well-equipped with the skills and strategic vision needed to lead Woori Bank.
The SRDCRC highlighted Jeong's long experience and exceptional expertise in the SME finance sector, noting his outstanding strategic mindset and drive. "Jeong, the youngest candidate born in 1968, has a good reputation both internally and externally. He received positive reviews in expert in-depth interviews, management plan presentations, and in-depth interviews", the committee stated. They further added, "He is considered the best candidate to lead organizational innovation and implement a corporate finance-focused sales strategy".
Jeong expressed his commitment to restoring the bank's trust, which has been undermined by a series of recent financial incidents. "To restore the bank's trust, which has been undermined by a series of recent financial incidents, I will prioritize comprehensive innovation of internal control and reorganization of corporate culture", Jeong said. He emphasized the importance of innovative organizational restructuring and performance-oriented personnel reform to enhance Woori Bank's core competitiveness and transform it into a trusted institution.
Jeong is set to undergo a qualification and suitability review by the bank's ‘Executive Candidate Recommendation Committee’ in December. Upon successful completion of this process, he will be officially appointed at the shareholders' meeting and will begin his two-year term as bank president in January.