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Mr Euisun Quits Hyundai Steel to Focus on Hyundai Motors

Steel News - Published on Thu, 27 Feb 2020

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Yonhap reported that Hyundai Motor Group Executive Vice Chairman Mr Chung Euisun has quit his directorship at its steel affiliate to focus on the group's mainstay automobile business. Hyundai Steel said the company has named Vice President Seo Myung-jin as executive director and the appointment is subject to approval at a shareholders' meeting on March 18. Hyundai said "The executive vice chairman made the decision to put a bigger focus on the automobile business in line with the group's drive to transform itself into a smart mobility solutions provider.”

Hyundai Steel has four executive directors, including the newly appointed Seo and the company's President An Tong-il.

Euisun has served as executive director for the steel affiliate since 2012 but has decided to quit the director post. He will maintain his directorship at Hyundai Motor Co, Kia Motors Corp. and Hyundai Mobis Co.

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Posted By : Rabi Wangkhem on Thu, 27 Feb 2020
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