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Chairman Cho absent from new Hankook Tire BoD

Author: Stephen Goodchild Comments: 0
Cho Hyun-bum (Photo: Hankook Tire)

The list of internal candidates proposed for the Hankook Tire & Technology Board of Directors and approved during the shareholders’ meeting on 28 March 2024 does not include chairman Cho Hyun-bum. Cho withdrew his own proposal for reappointment as an internal director on 25 March 2024.

The notification of Cho’s withdrawal submitted to the Korea Exchange cited “personal reasons,” but the decision is thought to be related to the ongoing trial in which Cho faces allegations of embezzlement and breach of trust.

Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook Tire establishes ESG committee
  3. Hankook Tire chairman Cho indicted
  4. Additional indictment against Hankook chairman Cho
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