Jin-haeng Jeong, Vice Chairman of Hyundai E&C (former), Yonghwan Kim, Vice Chairman of Hyundai Steel (former)
– Jeong Jin-haeng (65), Vice Chairman of Hyundai E&C and Kim Yong-hwan (64), Vice Chairman of Hyundai Steel retire together. Executives in the mobility (transportation) field of Hyundai Motor Group are promoted in large numbers. According to the business world on the 14th, the Hyundai Motor Group plans to announce the executive’s greetings on the 15th with full-scale generation change.
Greetings today… Mobility side advance notice
Yun Yeo-cheol, who led wage freeze, is sure to remain
Financial innovation Taeyoung Jeong seems to be able to keep his place
– Vice-Chairman Jeong and Vice-Chairman Kim were the leaders of the bold business promotion of Hyundai Motor Group as the top management team with Honorary Chairman Chung Mong-koo. It has been confirmed that the two have already expressed their gratitude. Vice-Chairman Chung completed the groundwork for the construction of the Global Business Center (GBC) being promoted at the former KEPCO site in Samseong-dong, Gangnam-gu, Seoul. Vice Chairman Kim joined Hyundai Motor Company in 1983 and served as Head of Hyundai Motors Europe Office, Head of Hyundai Motors Management Support Office, and Vice Chairman of Planning and Coordination Office. He led the acquisition of Hyundai E&C in 2011 and the acquisition of the KEPCO site in Samsung-dong in 2014.
Of the four group vice presidents, Yun Yeo-cheol (68), vice-chairman of Hyundai Motor’s labor affairs general manager and Jung Tae-young (60), vice-chairman of Hyundai Card, seem to be retained. Vice-Chairman Yoon is evaluated inside and outside the company that he was recognized for his achievements in achieving wage freeze after 11 years and concluding labor-management negotiations for two consecutive years. Vice Chairman Chung Tae-young, the brother-in-law of Hyundai Motor Group Chairman Eui-sun Eui-sun, is being evaluated for leading the group’s financial and service innovation.
As a result, when the Hyundai Motor Group separated from the Hyundai Group in 2000, most of the first-generation managers who led the group’s growth by assisting Emeritus Chairman Chung left their current positions. As Vice Chairman Eui-sun Eui-seon presented the group’s future blueprint for ‘50% automobiles, 30% personal vehicles, and 20% robotics’, the successor chief executives are expected to be filled with experts in mobility and future business. Some of the presidents born in the 60s are expected to be promoted to vice-chairman in this greeting. Major division heads are likely to be filled with young executives. This means that Hyundai Motor Group is reorganizing key management teams in the era of’Jeui Line’.
The reorganization work within the group for future automotive innovation is also accelerating. On the 11th, the three software subsidiaries, Hyundai Autoever, Hyundai M&Soft, and Hyundai Otron, each held a board meeting and decided on a merger agenda. The semiconductor division of Hyundai Otron is transferred to Hyundai Mobis. The three companies are expected to complete the merger by April 1 of next year after approval of the merger at the extraordinary shareholders’ meeting in February next year.
Reporter Lee Dong-hyun [email protected]
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