Board of Directors
Board of Directors
Hanwha Ocean operates the BoD fairly and transparently to establish sound corporate governance. Matters concerning the BoD, such as the appointment of directors, resolutions, and committees, are handled in accordance with the Articles of Incorporation and the BoD regulations, and all board activities are disclosed in our business report. Our BoD of Hanwha Ocean is chaired by the CEO in order to resolve various issues discussed by the board efficiently and incorporate them into management. The board, as the highest decision-making body, also makes decisions on the company’s mid-to-long-term strategy, major investment agenda items, and ESG, among others.
All directors of Hanwha Ocean meet the qualifications required by relevant laws and regulations, and the Articles of Incorporation. Outside directors consist of experts with practical experience and expertise in respective fields such as accounting, shipbuilding, law, and management.
| Name | Classification | Gender | Position* | Date of appointment to the board | Expected Expiration Date of Term | Expertise | Career |
|---|---|---|---|---|---|---|---|
| Kim Hee-cheul | Inside director |
M | CEO & Chairperson of the BoD |
2024-10-18 | 26th AGM (2026.03.31) |
General management | Former CEO, Hanwha Energy |
| Kim Jong-seo | Inside director |
M | - | 2023-05-23 | 27th AGM (2027.03.31) |
General corporate management | Former director in charge of Hanwha Aerospace |
| Philippe Levy | Inside director |
M | - | 2025-03-20 | 27th AGM (2027.03.31) |
Industry | Former CNOOC/Exxon, Executive Consultant |
| Kim Dong-kwan | Non-executive director | M | - | 2023-05-23 | 27th AGM (2027.03.31) |
General corporate management | Former Strategy Division Director, Hanwha Corporation |
| Ahn Wan-gi | Outside director | M | Audit Committee member, Internal Transaction Committee Chairperson, ESG Committee member, Outside Director Recommendation Committee member |
2025-03-20 | 27th AGM (2027.03.31) |
Policy | Endowed Professor, Industrial Technology Policy Research Center, Korea Polytechnic University Former President, Korea Productivity Center Former President, Korea Technopark Association |
| Kim Bong-hwan | Outside director | M | Audit Committee Chairperson, Internal Transaction Committee member, ESG Committee member, Outside Director Recommendation Committee Chairperson |
2025-05-23 | 27th AGM (2027.03.31) |
Accounting | Professor at the Graduate School of Public Administration, Seoul National University Former Financial City Director, Seoul Metropolitan Government Former Assistant Professor at the Dept. of Business Administration, American University (USA) |
| George P. Bush | Outside director | M | - | 2023-05-23 | 27th AGM (2027.03.31) |
Law | Currently Partner at Michael Best & Friedrich LLP Former Founder, St. Augustine Partners Former Texas General Land Office Commissioner |
| Hyun Nak-hee | Outside director | F | Audit Committee member, Internal Transaction Committee member, ESG Committee Chairperson | 2023-05-23 | 27th AGM (2027.03.31) |
Law | Associate Professor, Sungkyunkwan University Law School (34th class of the Judicial Research and Training Institute) / New York State Attorney (USA) Former Judicial Researcher, Supreme Court of Korea |
| Choi Hoon | Outside director | M | Internal Transaction Committee member, Outside Director Recommendation Committee member | 2025-03-20 | 27th AGM (2027.03.31) |
Finance | Invited Research Fellow, Korea Accounting Policy Research Institute Former Ambassador to Singapore Former Standing Commissioner, Financial Services Commission |
- * As of May 26, 2025 our BoD is composed of nine members in total (3 Inside directors, 1 non-executive director, and 5 outside directors) and meets the minimum statutory standards for outside directors under Article 542-8(1) of the Commercial Act.
| Classification | Inside directors |
Outside Directors | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Kim Hee-cheul | Kim Jong-seo | Philippe Levy | Kim Dong-kwan | Ahn Wan-gi | Kim Bong-hwan | George P. Bush | Hyun Nak-hee | Choi Hoon | ||
| Competence | Leadership | O | O | O | O | O | O | O | O | O |
| Global | O | O | O | O | O | O | O | O | O | |
| Industry | O | O | O | O | O | O | ||||
| Management | O | O | O | O | O | O | O | |||
| Accounting&Finance | O | O | O | |||||||
| Policy & administration | O | O | O | O | ||||||
| Law & regulation | O | O | O | O | ||||||
| ESG | O | O | O | O | O | O | O | |||
| Diversity | Year of appointment | 2024 | 2023 | 2025 | 2023 | 2025 | 2023 | 2023 | 2023 | 2025 |
| Independence | O | O | O | O | O | |||||
| Nationality | Korea | Korea | France | Korea | Korea | Korea | USA | Korea | Korea | |
| Gender | M | M | M | M | M | M | M | F | M | Activity Committee | Audit Committee | O | O | O |
| Internal Transaction Committee | O | O | O | O | ||||||
| Outside Director Recommendation Committee | O | O | O | |||||||
| ESG Committee | O | O | O | |||||||
Hanwha Ocean reviews the qualifications of directors under Article 382(3) (Appointment of Directors, Relationship with Company and Outside Directors) and Article 542-8(2) (Appointment of Outside Directors) of the Commercial Act. Accordingly, we take actions to ensure fairness and independence by appointing directors through the AGM. In terms of ensuring board diversity, we comply with Article 165(20) (Special Cases concerning Submission of Business Reports) of the Financial Investment Services and Capital Markets Act. Moreover, we do not set qualification restrictions on gender, age, region, nationality, and other factors when appointing directors. We appointed one female outside director at the 2023 AGM to ensure diversity and secured expertise and accountability in various fields encompassing accounting, shipbuilding, law, and management.