Hyundai Heavy Group Executive Appointments... Kim Hyung-kwan at Mipo Shipyard, Shin Hyundai at Samho Heavy Industries

Kim Hyung-kwan, the newly appointed president of Hyundai Mipo Dockyard who was promoted to president in this year's personnel changes at Hyundai Heavy Industries Group (photo from the left), Lee Dong-wook, the newly appointed president of Hyundai Genuine, and Choi Cheol-gon, the newly appointed president of Hyundai Construction Equipment. Photo by Hyundai Heavy Industries Group

[Asia Economy Reporter Donghoon Jung] Hyundai Heavy Industries Group carried out its executive-level personnel reshuffle on the 2nd of this year.

In this reshuffle, Kim Hyung-kwan, Vice President and CEO of Hyundai Samho Heavy Industries, was transferred to Hyundai Mipo Dockyard and promoted to President and CEO. Shin Hyun-dae, President of Hyundai Mipo Dockyard, was appointed as the new CEO of Hyundai Samho Heavy Industries.

Additionally, Lee Dong-wook, Vice President of Hyundai Doosan Infracore, was promoted to President and appointed as CEO of Hyundai Genuine. President Lee will lead synergy creation and enhancement of technological competitiveness in the construction equipment sector alongside the existing CEO Cho Young-chul.

In particular, President Lee will take charge of overall technology development to elevate the construction equipment business into the global top 5, based on his extensive experience and expertise in the construction machinery technology field.

In this reshuffle, Choi Cheol-gon, Vice President and CEO of Hyundai Construction Equipment, was also promoted to President. President Choi plans to lead production innovation and the transformation into a smart factory at Hyundai Construction Equipment, leveraging his direct experience and know-how from factory innovations at Volvo Construction Equipment and Doosan Infracore.

A Hyundai Heavy Industries Group official explained, "The exchange of CEO positions between Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries is intended to strengthen each company's advantages and address their shortcomings," and added, "The executive reshuffle in the construction equipment division aims to accelerate synergy creation with Hyundai Doosan Infracore, which was acquired last year, and to further enhance the technological development capabilities of both companies."

Following the executive reshuffle on this day, Hyundai Heavy Industries Group plans to carry out subsequent personnel appointments soon.

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