■ Park Jin-hei and Gong Sung-do appointed as Independent Directors; Kang Dong-soo named as Non-Executive Director
■ SK Innovation: securing a portfolio for long-term shareholder returns through the integration of E&S and company-wide optimization efforts
SK Innovation held its 18th Annual General Meeting of Shareholders on March 28 at SK Seorin Building in Jongno-gu, Seoul. Through his remarks, CEO Park Sang-kyu emphasized the company’s unwavering commitment to uniting all members under the concept of “One Innovation” to prepare solid foundations for sustainable growth in a rapidly evolving business environment. He also reiterated SK Innovation’s vision to transform into a “Total Energy & Solution Company.”
At the meeting, shareholders approved several key agenda items as proposed, including:
• Appointment of Park Jin-hei as Independent Director and Audit Committee Member
• Appointment of Gong Sung-do as Independent Director and Audit Committee Member
• Appointment of Kang Dong-soo as Non-Executive Director
• Approval of the director compensation limit
• Approval of the 18th financial statements
Strengthening Governance Through Board Leadership
Park Jin-hei, who was first appointed as an Independent Director of SK Innovation in 2022, was reappointed for his contributions to enhancing the independence of the board. Park has also served as SK Innovation’s Chairman of the Board since 2023, further reinforcing transparency and accountability.
Gong Sung-do, Managing Director of Tullis Russell Coaters Korea and an experienced executive in the energy sector, was newly appointed as an Independent Director. Gong is expected to leverage his expertise in energy-related business management and legal affairs to contribute to informed and effective decision-making by the board.
To enhance the transparency and fairness of its governance structure, SK Innovation increased the number of Independent Directors from five to six, while maintaining a 60% ratio of Independent Directors on the board.
Kang Dong-soo, Head of SK Inc’s Portfolio Management Division, was appointed as Non-Executive Director. With his proven capabilities in strategy, performance management, and advancing new business initiatives, combined with his deep understanding of SK Innovation’s key business areas, Kang is expected to provide valuable insights and strategic direction in his new role.
Since declaring its commitment to board-centered governance in 2004, SK Innovation has continuously worked to strengthen board functions and create shareholder value. In 2019, the company established a system where Independent Directors chair the board, and in 2021, the board was empowered to oversee CEO evaluations, compensation, and succession planning.
Engaging Shareholders Through Direct Dialogue
For the third consecutive year, SK Innovation organized its “Dialogue with Shareholders” initiative during the Annual General Meeting to enhance communication with shareholders. CEO Park Sang-kyu, along with other senior executives, including SK Innovation E&S CEO Choo Hyeong-wook and SK On CEO Lee Seok-hee, interacted directly with shareholders to review key management issues and company strategies.
During the meeting, CEO Park Sang-kyu emphasized that SK Innovation is focused on establishing a long-term growth trajectory by leveraging SK Innovation E&S’s core capabilities in gas and power business expertise, driving growth in new areas such as renewable energy and hydrogen, and creating synergies within its existing petroleum and chemical business sectors.
[Photo 1,2] SK Innovation CEO Park Sang-kyu (center), SK Innovation E&S CEO Choo Hyeong-wook (left), and SK On CEO Lee Seok-hee (right), along with other executives from SK Innovation, engage in a dialogue with shareholders on management issues at the “Dialogue with Shareholders” on March 28 at SUPEX Hall in SK Seorin Building, Jongno-gu, Seoul, South Korea
[Photo 3] Park Jin-hei, Independent Director of SK Innovation
[Photo 4] Gong Sung-do, Independent Director of SK Innovation
[Photo 5] Kang Dong-soo, Non-Executive Director of SK Innovation
