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KT&G succeeded in appointing Senior Executive Vice President Bang Kyung-man as its new CEO, Thursday, overcoming opposition from the Industrial Bank of Korea (IBK), its largest shareholder, and the activist fund Flashlight Capital Partners (FCP), as well as from Institutional Shareholder Services, the world’s leading proxy adviser.
KT&G, once a government-owned company, has no specific owner and many small shareholders, which is similar to the stock ownership structure of steel company POSCO and telecommunications company KT.
KT&G announced the appointment of Senior Executive Vice President Bang Kyung-man as the final candidate for its next CEO. The company stated that he is the most qualified individual to drive the firm's global expansion efforts and enhance its brand image.
Smuggled cigarettes made by South Korea’s KT&G account for a significant share of the Indian market
The Mumbai Police on Sunday busted an illegal call centre in Andheri and arrested 10 persons.