iM Financial Group Narrows Next Chairman Candidate Pool to Six

iM Financial Group said its CEO Candidate Recommendation Committee selected six candidates for the first-stage longlist for the next chief executive at a meeting on Oct. 27.

For about four weeks after launching the succession process on Sept. 28, the committee conducted the first-stage screening and evaluation of its standing pool of internal and external candidates. It verified candidates' qualifications based on their applications and supporting documents, and assessed them based on the results of reference checks conducted by an external professional agency, key management achievements, expertise in the financial industry, leadership, and ethical and responsible management.

The committee selected the longlist based on the evaluation results but decided not to disclose the candidates' names, citing the need to protect their personal information and ensure the independence of future evaluations. Cho Kang-rae, chair of the committee, said, "In selecting the longlist, we focused on improving the objectivity and fairness of the evaluation by standardizing the format of documents submitted by each candidate and drawing on reference information from an external professional agency."

During the second-stage screening, which will take about four weeks, the committee will conduct in-depth interviews with the longlist candidates. It plans to finalize the shortlist at the end of November after reviewing the evaluation results as a whole.

In the final stage, independent directors will first conduct focused interviews in their respective areas. The committee plans to recommend a final candidate in December after comprehensively assessing candidates' suitability for the CEO position through a second session in which they will present and discuss the group's management direction for the next three years.

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