Korean Air on Thursday named Hanjin Group chairman Cho Yang-ho’s daughter and son as board directors in an apparent step to solidify their path to eventual succession.
The airliner’s board of directors approved senior vice presidents Heather Cho and Walter Cho as board directors, raising the number of internal board directors to six.
Korean Air also named two more outside directors Hana Financial Group chairman Kim Seung-yu and Woongjin Group vice chairman Lee Joo-seok, raising the number of outside directors to seven for a more transparent management.
Three outside directors whose terms have expired ― Seoul National University professor of business administration Park Oh-soo, STX Heavy Industries & Construction chairman Lee Hee-beom and former vice chairman of Korea Development Bank Lee Yoon-woo ― will serve second terms, the airliner said in a press release.
Korean Air will hold a shareholder meeting on March 16.
By Kim So-hyun (
sophie@heraldcorp.com)
