Hyundai and Kia appoint new executive vice presidents, Cho Won-hong and Kim Gyun

Article by Christian A., on December 30, 2014

Hyundai Motor and Kia Motors have promoted a number of younger executives who are expected to support the next generation leader at the South Korean group. Hyundai Motor promoted chief marketing officer Cho Won-hong to executive vice president. He was said to be handpicked by Chung Eui-sun, the group’s heir apparent Chung Eui-sun, people privy with the matter told Reuters.

Hyundai also promoted domestic public relations chief Kong Young-woon as executive vice president. Both Cho and Kong are 50 years old, making them second-youngest executive vice presidents at Hyundai. Kia, meanwhile, promoted Kim Gyun, 52, to executive vice president.

Chung Sun-sup, head of local research firm Chaebul.com, remarked that the focus on the management reshuffle at South Korean companies, should be on executive vice presidents, not CEOs, since they will be the ones who will support the next generation leader.

"The promotion of young executives should pave the way for the future of the junior Chung," Chung said. While there have been no indications that Hyundai Motor Group chairman Chung Mong-koo will step down soon, he is well expected to pass the baton to his only son and currently vice chairman, Eui-sun.

Lee Hang-koo, a senior researcher at the Korea Institute for Industrial Economics and Trade, remarked that carmakers are “injecting younger blood” to cope with “a paradigm shift and lead innovations."

Topics: hyundai, kia

If you liked the article, share on:

Comments

Recommended

The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 2017
It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 2017
Jaguar fans, as well as auto enthusiasts in general, has a reason to celebrate this week as the brand gave everyone a peek of the new 2018 XF Sportbrake. This...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries