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POSCO Chemical Holds its 51st Annual Shareholders General Assembly
2022.03.21
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(Picture) POSCO Chemical CEO Min Kyung-joon speaks at its 51st Annual Shareholders General Assembly at its head office in Pohang on March 21.
- The Board of Directors will be expanded, including the creation of an audit committee, to have a higher level of expertise and diversity.
POSCO Chemical held its 51st annual shareholders general assembly at its head office in Pohang on March 21.
Businesses proposed for the assembly included approval of the financial statements, an amendment to the company statutes, the election of inside and outside directors, and the election of audit committee members. All of the items were adopted as proposed.
The assembly saw an increase in the combined number of inside and outside directors from 6 to 9 and the creation of an audit committee and a nomination committee for outside directors.
Gwon Au-cheol, former CEO of SK Hynix and Yoon Hyeon-cheol, Chairman of Yeil Accounting Firm were elected as new outside directors. Jeong Yeong-soon, an incumbent outside director, was re-elected. CEO Min Kyung-zoon and Kim Joo-hyeon, Head of Planning and Support were re-elected as inside directors, and Kim Jin-chool, Chief Security and Environment Officer, was elected as a new inside director to step up the safety drive throughout the company. Yu Byeong-ok, Head of Future Green Materials, POSCO Holdings, was elected as a non-executive director.
“Last year, we achieved sales of 1.9895 trillion won and an operating income of 121.7 billion won, both record high levels, thanks to the efforts of our members and all our stakeholders including our trading partners,” said CEO Min. “Our achievements last year also include a more robust foundation for our future growth through greater capacity for cathodes and anodes and more investment in raw materials, together with stronger partnerships with key accounts including the decision to form a joint venture with a global automaker in North America.
This year we will focus on refining our next generation materials for high-performance electric vehicles, including cathodes with higher nickel content and silicon anodes to win more customers and orders, and to increase corporate value by stepping up our ESG drive.”
POSCO Chemical will focus on making more efficient and strategic decisions for future growth and enhancing its competitiveness by equipping its Board of Directors with a higher level of expertise and diversity.
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