Hyundai Motor Company President Lee Won-hee resigned after four years as CEO. This is a follow-up action according to the personnel of Hyundai Motors executives who appointed Jang Jae-hoon as the CEO.
President Lee was elected CEO of Hyundai Motor Company in March 2016 and led Hyundai Motor Company together with Honorary Chairman Chung Mong-koo. It is evaluated that the era of Eui-seon Eui-seon in earnest has begun with the resignation of Honorary Chairman Chung and President Lee, who served as the contemporary CEO.
On the 16th, Hyundai Motor Company announced that it has changed the system to CEO Eui-seon Eui-sun and Eon-Tae Ha respectively as CEO Won-hee Lee resigned. President Lee resigns from the position of CEO, but as the president of Hyundai Motor Company, he continues to take charge of global business optimization, electrification, and value chain innovation such as smart factory.
It is reported that Lee will also be in charge of the role of former Hyundai Motor Company President Seo-Joo-shin, who resigned as an advisor from the executive personnel. Jeon Seo was the president in charge of the finished vehicle division, including production technology and quality.
The role of President Jang, who is considered an aide to Chairman Eui-sun Eui-sun, is also expected to increase. President Jang will be elected as the CEO at the general shareholders’ meeting scheduled to be held early next year.
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