This undated file photo provided by LG CNS Co. shows KT Corp. CEO nominee Kim Young-shub.
SEOUL, Aug. 5 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, said Friday it has nominated a new chief executive after months of leadership vacuum.
The telecom giant’s board of directors nominated Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader, KT said in a statement.
His appointment will be finalized at a shareholders meeting slated for later this month, it added.
If approved, Kim will head the company, whose leadership has remained vacant since March, when its former CEO Ku Hyeon-mo stepped down from the top job after failing to win shareholders’ approval for his second term.
Since then, KT has suffered an unprecedented leadership vacuum for months as the state-run National Pension Service, the largest shareholder in KT, refused to endorse subsequent CEO nominees and directors.
(Yonhap)
