Gwangju Global Motors Maintains CEO Park Gwang-tae Leadership

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] CEO Park Kwang-tae will lead Gwangju Global Motors for the next two years.

Gwangju Global Motors held an extraordinary general meeting of shareholders on the 3rd and unanimously appointed (reappointed) the current CEO Park Kwang-tae.

Vice President Park Kwang-sik was also appointed (reappointed) as a director. According to the current articles of incorporation, the term is two years.

At the shareholders' meeting, major shareholders including the largest shareholder Gwangju Green Car Promotion Agency and the second largest shareholder Hyundai Motor Company unanimously agreed to maintain the current system because of the significant achievements of the current management under CEO Park Kwang-tae over the past two years, including ▲ maintaining harmonious labor-management relations through labor-management coexistence, ▲ successfully completing the factory construction, and ▲ successfully mass-producing the Casper.

With this, Gwangju Global Motors is expected to build a more stable corporate foundation following the completion of the state-of-the-art factory and the successful mass production of the Casper, accelerating its steps toward becoming the world's best automobile contract manufacturing specialist company.

Meanwhile, CEO Park had expressed his intention to step down after fulfilling his duties such as successful factory construction and new car mass production, and Mayor Lee Yong-seop personally searched for a successor for several months but could not find a suitable candidate.

Accordingly, on October 29, Gwangju City held a labor-management-civil-government council and decided to maintain the current CEO Park Kwang-tae system, conveyed this decision to CEO Park, who accepted it, and with the resolution of the shareholders' meeting on this day, the appointment (reappointment) of CEO Park Kwang-tae was finally confirmed.

This content was produced with the assistance of AI translation services.