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CEO of South Korean steelmaker POSCO to step down early

Reuters  |  SEOUL 

SEOUL (Reuters) - The chief executive of South Korean steelmaker POSCO will step down before his term ends in 2020 as he is keen for a younger person to lead the firm, the company said on Wednesday.Kwon Oh-joon, 69, offered his resignation at an emergency board meeting, but will stay in the post until the company appoints a new chief, a spokesman said.Kwon took over as CEO of the country's top steelmaker in March 2014. He was re-appointed in March last year, and his term was set to end in March 2020.POSCO in January reported a 144 percent surge in fourth-quarter operating profit, helped by ...

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First Published: Wed, April 18 2018. 09:15 IST