Sung-Hyun Cho, President of HL Mando, Promoted to Vice Chairman

HL Group announced on the 17th that Cho Seong-hyun, Senior President of HL Mando, has been promoted to Vice Chairman.

This is the first Vice Chairman promotion at HL Group in eight years. Hong Seok-hwa, President of the construction affiliate HL D&I Hanla (Head of the Construction Sector), has been appointed Senior President. The company explained that this personnel change is "to boldly overcome the era of volatility, uncertainty, complexity, and ambiguity, and to fully activate CEO responsibility management."

Jonghyun Cho, New Vice Chairman of HL Mando

The newly appointed Vice Chairman Cho has been serving as Head of the Automotive Sector and CEO of HL Mando since December 2021. He oversees the company's three main business units: Brake, Steering, and Suspension. He also manages the automotive system parts manufacturing and research sector, including HL Clemoove, a specialized autonomous driving company, and Mando Brose, a motor manufacturing specialist.

As an engineer, he mainly handled overseas sales in the US and Germany. To prepare for the software-defined vehicle (SDV) era, he established a software organization in 2021. Vice Chairman Cho is also leading the development of the autonomous parking robot that HL Mando is currently pursuing.

Seokhwa Hong, Senior President of HL D&I Halla

Senior President Hong was appointed CEO of HL D&I Hanla in October last year. He oversees the construction affiliates Mokpo New Port Operation, HL Ecotec, and HL Logis & Co. Chairman Chung Mong-won of HL Group also stepped down as an inside director of HL D&I to fully delegate authority to Senior President Hong.

Chairman Chung Mong-won decided to focus on personnel management for future businesses to create a new third sector beyond automotive and construction. The new business organization of HL Mando will be merged into the Group’s Future Business Office. The Group’s Human Resources Innovation Office will promote both external talent recruitment and internal talent discovery. Chairman Chung will retain his inside director positions at the holding company HL Holdings, HL Mando, and HL Clemoove.

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