SEOUL (Reuters) – South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company.
FILE PHOTO: The logo of POSCO is seen at the company’s headquarters in Seoul, South Korea, July 20, 2016. REUTERS/Kim Hong-Ji/File Photo
Choi still needed to win approval at an extraordinary shareholders’ meeting on July 27, the company said.
In April, the company said Kwon Oh-jun was stepping down from the chief executive position.
POSCO was privatised in 2000, but chief executives have previously been replaced when a new administration takes office, local media reported.
Reporting by Cynthia Kim; Editing by Stephen Coates
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