■ On March 31^st (KST), SK Innovation held The 15th Annual General Meeting of Shareholders at SK Building in Jongno-gu, Seoul.
■ New nominations were made for Jang Dong-hyun as Non-Executive Director, Kim Tae-jin as Non-Executive Director and Audit and Corporation Compliance Committee Member, and Park Jin-hei as Non-Executive Director.
■ “SK Innovation will buckle down to push ahead with tech-based Green Portfolio and enhance the corporate value,” said Kim Jun, Vice Chairman and CEO of SK Innovation.

On March 31^st (KST), SK Innovation held the 15th Annual General Meeting of Shareholders at the SUPEX Hall of SK Building in Seorin-dong, Jongno-gu, Seoul.

“SK Innovation will focus on discovering new businesses for its business portfolio (Portfolio Designer & Developer) and greatly reinforce the company’s business development and R&D areas to make a strong drive to secure tech-based Green Portfolio,” said Kim Jun, Vice Chairman and CEO of SK Innovation in the meeting. He emphasized, “In the future, SK Innovation will add new businesses to its portfolio by securing various new technologies related to energy and circular economy to largely enhance its corporate value.”

He continued, “Last year, SK Innovation and its eight subsidiaries presented our own unique Financial Stories and completed our independent management system for our own business areas. And, based on the Financial Stories of our own, we will strive for producing tangible outcomes so that we will be as Green Energy & Materials Company.”

To achieve this mission, Vice Chairman Kim said, “Regarding the two businesses representing Green Anchoring, the battery business will enhance its profitability by strengthening differentiated competitiveness with its leading battery production technology and product safety. Meanwhile, the materials business will fortify its market leadership through drawing up groundbreaking cost reduction measures.”

He added, “The existing refining/chemical/lubricants businesses will make continuous financial outcomes. At the same time, they will execute various Green Transformation Options to accomplish Net Zero in order to secure respective businesses’ sustainability.”

In addition, the Battery Metal Recycle business, which SK Innovation strives to develop for a future growth engine, started operating a Scale Up Pilot plant early this year and breaking ground for a commercial plant. As a result, it will enter into a commercialization stage as planned.

In the meeting, new nominations were made for Jang Dong-hyun as Non-Executive Director, Kim Tae-jin as Non-Executive Director and Audit and Corporation Compliance Committee Member, and Park Jin-hei as Non-Executive Director by approval of shareholders.

Non-Executive Director Jang Dong-hyun (Vice Chairman and CEO of SK Inc.) has highly been recognized for leadership in the transformation of SK Group’s ESG centered business portfolio and his expertise in finance, business strategy, and marketing areas.

Non-Executive Director Kim Tae-jin is an incumbent professor at Korea University School of Law. Based on her expertise in corporate governance structure, she is expected to upgrade the company’s ESG-centric management and greatly enhance the board of directors’ expertise on international business laws and M&A. Furthermore, Non-Executive Director Park Jin-hei is regarded for his insight to give advice on the corporate governance structure based on his experiences as an ex-CEO of a financial company and as a member of other company’s board of directors.Apart from the nominations, approvals of the financial statement and ceiling for director’s compensation were passed as in their original bills.

Lastly, Vice Chairman Kim Jun explained, “SK Innovation and its eight subsidiaries will reinforce our board of directors- centered management to establish a new governance structure. Moreover, at the same time, I will faithfully fulfill my role as a major shareholder to make sure that important decisions of the company and its respective subsidiaries will be on the same page with SK Innovation’s shareholder value, through nominations of management directors of SK Innovation.”

After the declaration of closure of the meeting, there was an unusual scene that Vice Chairman Kim actively communicated and answered questions of shareholders in person to demonstrate his shareholder-friendly move.

[Photos]

(Photo 1, 2) Kim Jun, Vice Chairman & CEO of SK Innovation is announcing the message of SK Innovation at the 15th Annual General Meeting of Shareholders held at SK Building in Jongno-gu, Seoul, on the 31^st