Hyundai Marine & Fire CEO Jo Yong-il and Lee Sung-jae Promoted to Vice Chairman and President, Respectively
[Asia Economy Reporter Changhwan Lee] Hyundai Marine & Fire Insurance announced on the 15th that it has promoted CEO Jo Yong-il to Vice Chairman and CEO Lee Seong-jae to President.
The promotion reflects the company's consistent sales growth and stable profits, achieved through a focus on profit-centered internal growth.
Hyundai Marine & Fire Insurance emphasized that through this personnel change, it plans to actively respond to changes in the management environment with stronger leadership amid the slowing economy and unstable financial environment, and accelerate securing new growth engines in the increasingly challenging insurance market.
Vice Chairman Jo Yong-il began his career at Hyundai Construction in 1984, moved to Hyundai Marine & Fire Insurance in 1988, and after serving in the corporate insurance division and as COO, was appointed CEO in 2020.
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President Lee Seong-jae joined Hyundai Marine & Fire Insurance in 1986, served as CCO, head of the management planning division, and CEO of subsidiary Hyundai C&R, before being appointed CEO in 2020.
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