Maeil Dairies to Appoint Lim Heeyoung as Outside Director

Follow-up to the Resignation of Former Director Kim Jino
Audit and Finance Expert with Experience at Krafton and Maeil Holdings

Maeil Dairies has appointed Lim Heeyoung, former Head of Management Diagnosis at Krafton, as an outside director who will serve as a member of the Audit Committee.

Maeil Dairies Headquarters. Maeil Dairies

On June 5, Maeil Dairies announced in a public disclosure that its board of directors had resolved to appoint Lim as a candidate for the position. To approve this agenda item, the company will convene an extraordinary general meeting of shareholders on July 22. The term of office is three years.

This appointment is a follow-up measure after the resignation of former outside director Kim Jino. Kim was appointed as an outside director at the regular general meeting of shareholders in March, but resigned in April after being named Vice Chair of the Presidential Committee on Aging Society and Population Policy.

Lim served as an outside director and audit committee member of Maeil Holdings from 2020 to March of this year. Lim has held positions such as Head of Management Diagnosis at Krafton, Head of Audit at Lina Life, ACE Life, and MetLife, and Senior Auditor at Ahn Kun Accounting Firm, and is recognized as an expert in audit and finance.

Maeil Dairies stated, "Lim is equipped with professional capabilities and a wide range of experience," adding, "We have determined that Lim is the right person to contribute to enhancing accounting transparency and financial soundness through internal audits and management diagnosis."

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