HL Group Restructures Automotive Division... Appoints Jeong Jaeyoung and Jang Gansam as BU Heads

HL Group has reorganized its automotive division to respond to the rapidly changing future automotive market. The business units (BUs) have been consolidated into two, with Vice Presidents Jeong Jaeyoung and Jang Gansam appointed as heads of each division.

On the 31st, HL Group announced the organizational restructuring of HL Mando and the regular executive appointments for this year. This follows the appointment of Vice Chairman Jo Seonghyun as head of the automotive division in August.

HL Mando will transition to a two-BU system. The previously divided organization of three units?brakes, steering, and suspension?will be integrated into two: Mobility Dynamic Solutions (MDS), responsible for electric and electronic products, and Ride Comfort & Safety (RCS), responsible for hardware products. Vice Presidents Jeong Jaeyoung and Jang Gansam will lead the MDS and RCS BUs, respectively.

Jae-young Jeong, Head of HL Mando MDS BU (Vice President) [Photo by HL Group]

Jang Gwan-sam, Vice President and Head of HL Mando RCS BU
[Photo by HL Group]

Additionally, seven newly appointed CXOs (Chief X Officers) will support the two BUs. The global regional organization has also been newly established. Vice President Oh Sejun will oversee Europe, Vice President Lee Yunhaeng will manage the Americas, Executive Director Choi Jaeyoung will be in charge of India, and Vice President Park Youngmoon will handle China. Through this, HL Mando has completely separated its electrification products, hardware products, and software campus to differentiate itself. Furthermore, the company aims to strengthen the robot business division (MSTG), directly managed by the CEO, to establish a concrete responsibility management organization.

HL Group Chairman Jeong Mongwon stated, "We have boldly entrusted young talents who challenge and execute decisively for true group transformation," adding, "We will achieve a bold leap forward together with the new organization and talents."

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