Doosan Names Financial Expert as 1st Woman CEO

By Kim Yoo-chul

Staff Reporter

South Korea's Doosan Group has named Chung Oki as the chief executive of Doosan Capital, the group said Thursday.

The promotion of Chung to the top position came at a time when the 114-year-old group is undergoing a transitional shift in management toward a global firm, more recognizing one's performance than seniority.

``It's the first time for Doosan Group to name a woman as a chief executive. We are certain that she will help Doosan Capital become a top-tier loan company,'' a group spokesman Bae Kyun-ho said.

Chung was a financial expert who was a vice president of GE Capital and a senior executive of CitiBank. She earned a B.A. in business at Seoul National University.

Meanwhile, the group promoted another female Kang Hae-jin into the senior vice president, while it named another woman executive Lee Shin-young as a vice president.