Chung Ki-sun moves closer to managing HD Hyundai with his promotion

Quick Summary:

Thursday’s executive reshuffle requires approval at HD Hyundai’s shareholder and board meetings.“The executive reshuffle this time is designed to effectively respond to the rapidly changing global business environment, including Donald Trump’s reelection to the US presidency, the war in Ukraine, fluctuations in oil prices and exchange rates,” said an HD Hyundai official.“Next year, we will focus all our efforts on strengthening the competitiveness of our core businesses and securing eco-friendly technologies for the future,” he said.

OTHER KEY EXECUTIVE RESHUFFLESIn Thursday’s executive reshuffle, Cho Seok, chief executive of HD Hyundai Electric, was promoted to vice chairman.

Kim Jae-eul, executive vice president of HD Hyundai Heavy’s shipbuilding business division, was promoted to CEO of HD Hyundai Samho.

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Article Details

Category: Economy

Markets: South KoreaUkraine

Topics: President Promoted Conglomerate Executive Shipbuilding Group Chung Vice Company Hyundai Chairman

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 16:49:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 29 lines

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Copyright Owner: © Korea Economic Daily

News ID: 23582267

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