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POSCO CEO Offers To Resign-Reuters

Friday, 15 Nov 2013 03:33am EST 

Reuters reported that POSCO Chief Executive Officer Chung Joon-yang has offered his resignation to the Company's board of directors. The move comes after months of media speculation that he may come under pressure to quit when a new government led by President Park Geun-hye took office in February. POSCO plans to form a CEO nomination committee, which will recommend a candidate at its shareholders meeting scheduled in March. 

Company Quote

1.76 +2.61%
12:26pm EST