Hyundai Motor Securities Appoints Bae Hyung-geun, Hyundai Mobis CFO, as New CEO

Hyundai Motor Securities has appointed Bae Hyung-geun, Chief Financial Officer (CFO) of Hyundai Mobis, as its new CEO.

Baek Hyung-geun, New CEO of Hyundai Motor Securities

On the 20th, Hyundai Motor Group announced in its '2023 Second Half Regular Executive Personnel Appointment' that Bae Hyung-geun, Vice President of Hyundai Mobis, will be promoted to President and appointed as the new CEO of Hyundai Motor Securities.

President Bae is regarded as a leading financial expert within the group. During his tenure, he focused on securing liquidity to strengthen future investments for Hyundai Mobis. He has extensive experience across various group affiliates, including serving as Head of Planning at Hyundai Motor, General Planning Office at Hyundai Construction, and Incheon Iron & Steel, which is also praised for his high expertise in the group's overall business and strategy.

Hyundai Motor Group stated, "Through the appointment of President Bae Hyung-geun as CEO of Hyundai Motor Securities, we expect proactive risk management in preparation for the downturn in the industry and a focus on securing fundamental competitiveness in retail and corporate finance (IB) sectors."

Born in 1965 and a graduate of Korea University with a degree in Business Administration, President Bae worked as Head of the International Finance Team (Senior Manager) at Kia, served as Executive Director and Head of Corporate Strategy at Hyundai Motor, and held the position of Vice President in charge of Finance at Hyundai Mobis.

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