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."

If you liked the article, share on:

Topics: hyundai, kia

Comments

Recommended

The Chinese market will soon be getting the exclusive China-only model, Mercedes-Benz GLC-L, for a premium of 15,000 yuan ($2,300) more than the regular model. The difference is actually quite...
by - January 20, 2018
The Bentley Bentayga is set to participate in the famous Pikes Peak International Hill Climb that is slated to take place on June 24th in Colorado. The automaker’s motorsport department...
by - January 19, 2018
Infiniti will commence sales of the new 2019 Infiniti QX50 in the spring, with a starting price of $36,550. But before the big launch, Infiniti has introduced a new reservation...
by - January 18, 2018
BMW fans may be surprised with what the car manufacturer’s boss Robert Irlinger said in a recent interview with Autocar during a recent media meeting. And this is the fact...
by - January 18, 2018
Currently, there aren’t any Lexus convertibles out in the market, but it seems like it won’t be too long until we see one again. This is because Toyota’s premium brand...
by - January 18, 2018
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