Hyundai Global Appointments: A total of 252 executives from the Group’s affiliates are included in the announcement, the largest number to date. Demonstrating the Group’s focus on future technology and business, 30% of the appointments are in areas such as R&D, new businesses and manufacturing.
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As the CEOs of both Hyundai Card and Hyundai Commercial stepped down from their posts recently without completing their terms, market attention is now focused on Chung Tae-young, vice chairman at Hyundai Card and Hyundai Commercial, as to the reasons for the CEOs sudden resignations and the vice chairman s future moves with the firms.
Chung Tae-young, vice chairman and CEO of Hyundai Card and Hyundai Commercial, has expressed concerns over the recent departures of the second-in-command executives of each of the two companies. “I feel uneasy for some reason if everything seems safe and sound these days,” he wrote on Facebook early this week, after Hyundai Card Co-CEO Kim Duk-hwan stepped down on Sept. 9.