SKC (CEO Jeong Gi-bong) has announced that it held its regular general shareholders and board of directors meetings successively on March 20, appointing Cho Dae-sik, CEO of SK Ltd., as a non-executive director and approving his appointment to the chair of SKC’s board of directors. Meanwhile, Chairman Chey Shin-won and Vice Chairman Park Jang-seok will serve as chair and advisor, respectively, as their term of office as directors has expired.

SKC plans to strengthen its board-centered management, which is to be managed by CEO Jeong Gi-bong alone rather than by three joint representative directors. Five of its eight directors are now non-executive external directors, thus increasing the ratio from 55.6% to 62.5%.