KB Financial Group, under the leadership of new chairman nominee Yoon Jong-kyoo, will maintain its emergency management system until it recovers completely from the aftermath of several months-long feuds.

“My top priority is to stabilize our organization,” said Yoon, upon being named the sole candidate for the group’s chairmanship on Oct. 22.

He launched a special task force to restructure the management and pledged to act as KB Kookmin Bank president during the interim period.

The former chief financial officer outran former Citibank chairman Ha Yung-ku in a neck-and-neck race and became the first-ever KB employee to leap from an executive position to the top post.

Not only is Yoon familiar with the group’s structure and business culture, but he is also expected to lead the organization through a smooth transition as he served as CFO until just a year ago, according to the nominee recommendation committee.

Once he officially takes office, Yoon will replace former chairman Lim Young-rok and former bank president Lee Kun-ho, who stepped down in September after being sanctioned for mismanagement.

With KB Financial’s new chief-to-be in command, emergency management committees are meeting on a weekly basis, officials said.

Every first and third Monday, all executive members and representatives of the group’s affiliates convene to revise key indexes and share business strategies.

On the second and fourth Mondays, chief financial officers, chief risk officers and chief human resources officers hold separate subcommittee meetings.

Amid its ongoing recovery efforts, the group achieved a net profit of 456.2 billion won ($415.5 million) in the third quarter, up 22 percent on-year.

By Bae Hyun-jung (tellme@heraldcorp.com)