Korean Air chief Cho voted off board

ELLIS TAYLOR | March 27, 2019

Korean Air chief Cho voted off board
Korean Air shareholders have voted chief executive and chairman Cho Yang-ho off the carrier’s board. Disclosures show that 64.1% of attendees at the SkyTeam airline’s annual shareholders meeting backed a proposal by the carrier to renew Cho’s board term for three years, just short of the two-thirds majority required.South Korea’s National Pension Service, which is the second largest shareholder in the carrier, had indicated the day before the meeting that it would vote against extending Cho’s board tenure. The failure of the proposal forces Cho out of a board that he has been on for 27 years, but Korean Air says that it will not affect his positions as chairman and chief executive of the company.

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