Hyundai Marine & Fire Insurance Appoints Jo Yong-il and Lee Seong-jae as Next CEOs
[Asia Economy Reporter Ki Ha-young] Hyundai Marine & Fire Insurance has appointed President Jo Yong-il and Vice President Lee Sung-jae as the new CEOs.
On the 2nd, Hyundai Marine announced through a public disclosure that President Jo Yong-il and Division Head Lee Sung-jae were nominated as internal director candidates. Both Jo and Lee are expected to be appointed as CEOs after approval at the shareholders' meeting and board of directors on the 20th.
President Jo was promoted to President (COO, Chief Operating Officer) in January last year and has served as General President since December. Vice President Lee served as head of the Corporate Insurance Division from 2018 until November last year.
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Lee Cheol-young, who led Hyundai Marine for the past decade and was regarded as one of the longest-serving CEOs in the industry, will step down to become an advisor.
Lee Sung-jae, Vice President of Hyundai Marine & Fire Insurance Photo by Yonhap News
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