Hynix CEO staying put until 2013 despite SK takeover

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Hynix CEO staying put until 2013 despite SK takeover

Kwon Oh-chul, who has been the chief executive of Hynix Semiconductor since 2010, will stay in his position until next year, and Executive Vice President Park Sung-wook will keep his role until 2015.

SK Group Chairman Chey Tae-won was also named as a board member of the company.

The decisions were made at a recent meeting of the semiconductor manufacturer’s board of directors. A final approval will be made during a shareholders’ meeting on Feb. 13.

SK Group received approval from the Fair Trade Commission to buy the chipmaker last month. Yonhap

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