With profound sadness, BBCN Bancorp, Inc. (NASDAQ:BBCN) today announced the passing of Honorary Chairman Ki Suh Park, who died peacefully at home yesterday at the age of 80, after a spirited battle with cancer. He had served as a member of the board of directors of BBCN Bancorp, Inc. (formerly Nara Bancorp, Inc.) since 2001 and was a member of the Nomination and Governance Committee and the Executive Committee. The company said his seat on the Board of Directors would not be filled, reducing the membership to 12.
“Chairman Park will be sadly missed by all of us at BBCN,” said Kevin S. Kim, Chairman of the Board. “He was an integral participant in the transformational establishment of the company as the premier Korean-American bank in the nation. In addition, Chairman Park will be remembered for his distinguished career and success as an architect and city planner. His legacy will remain a source of inspiration for generations of Korean-Americans. Our thoughts and deepest sympathies are with his wife, three sons and all other members of his family.”
Honorary Chairman Park immigrated to the United Sates in the early 1950s and is highly regarded as a successful architect and city planner with 50 years of professional experience. From 1981 to 2011, he served as Chief Executive Officer of Los Angeles-based Gruen Associates, a global architecture, planning, and interior design firm. During his illustrious career, Honorary Chairman Park was responsible for many large-scale landmark building and transportation projects throughout the United States and overseas in Korea, Vietnam, Indonesia, Canada, Mexico and Germany. In 2000, he received a Presidential Design Award from President Bill Clinton for his work on the I-70 Highway through the scenic Glenwood Canyon in Colorado. Honorary Chairman Park is also well respected as a community leader and has been active on numerous community-based, non-profit boards, including the Harvard-Westlake School, the Korean American Coalition (Chairman), the Korean American Museum (Chairman), the California Community Foundation, the Public Policy Institute of California, the Los Angeles County Natural History Museum, and the Los Angeles World Affairs Council. In 1996, he received a Korean Broadcasting System (KBS) Award in recognition for his significant worldwide contribution to the arts, business and industry.