Hyundai Motor promotes Ulsan factory head to CEO

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Hyundai Motor promotes Ulsan factory head to CEO

Hyundai Motor appointed Ha Eon-tae, president of the automaker’s Ulsan plant, as chief executive officer and internal board director in a shareholders’ meeting on Friday.

With Ha’s appointment, the country’s largest automaker will be led by three co-CEOs. Ha will service alongside Chairman Chung Mong-koo and President Lee Won-hee.

Lee Dong-gyu, adviser to the law firm Kim & Chang and former secretary general of the Fair Trade Commission, and Lee Byung-kook, chairman of e-Chon Tax Accounting Corporation and former commissioner of the Seoul Regional Tax Office, as external board directors.

Chung Eui-sun, vice chairman of Hyundai Motor and heir to the automaker, was added to the board of the automaker’s affiliate Hyundai Metal, a move to boost his control of the conglomerate.

By Seo Ji-eun

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