Hanwha Q CELLS’s board of directors appointed two independent directors, Mr. Seung Heon Kim (Steve) and Mr. Hyun Chul Chun (Richard) subject to the approval by shareholders of the Company at the annual general meeting on December 29, 2015.
Mr. Seongwoo Nam, chairman and chief executive officer of Hanwha Q CELLS, said, “Both Mr. Kim and Mr. Chun bring unique skills to our Board. They have strong backgrounds in public accounting and will serve as valuable members to our Audit Committee.”
The new appointment marks terms expired of two independent directors Thomas Toy and Ernst Butler, who have been working for Hanwha Q CELLS for nearly nine years.
Backgrounds
Mr. Steve Kim is vice president of the Defense Acquisition Program Institute, a non-profit organization licensed by the Defense Acquisition Program Administration (DAPA), where Mr. Kim served as Director General of Cost Accounting and Verification Group from August 2011 to August 2013. He also serves as a non-executive member of the board of directors of the Korea Consumer Agency, a public institution established under the Fair Trade Commission. From 1988 to 2011, Mr. Kim held several positions at PricewaterhouseCoopers, including audit partner, where he led audit services to a broad range of Korean and multinational companies in a variety of industries. Mr. Kim is a certified public accountant in Korea having spent over 30 years holding accounting and audit related positions. He also received his CPA from the California State Board of Accountancy. He received both his BA and MBA degrees from Seoul National University in Korea.
Mr. Richard Chun has been Managing Partner of Saesidae Accounting Corporation, which he joined in April 2014. He is also an audit committee member of Kangwon Land Inc. and part-time auditor of Unicef Korea. From 1994 to 2014, he held several positions, including audit partner and dean of Deloitte Academy. Mr. Chun is a certified public accountant in Korea and spent over 30 years holding audit related positions, including Audit Partner at Anjin Accounting Corp., a member firm of Deloitte. He holds the KICPA Registration and completed the AICPA examination. He completed his BA and MBA degrees from Yon Sei University in Korea.