Bloomberg News

Hyundai Motor Says Kim Is Replacing Yang as Sales Chief

September 30, 2011

Sept. 30 (Bloomberg) -- Hyundai Motor Co., South Korea’s biggest automaker, said Yang Seung Suk is stepping aside from his post as chief executive officer responsible for domestic and overseas sales.

Yang will be replaced by Kim Choong Ho, the Seoul-based company said in an e-mailed statement today. Kim currently is responsible for domestic sales, marketing and business strategy, according to the statement.

Yang will remain with the company as an adviser, Hyundai Motor said.

The CEO role is shared among senior executives at Hyundai Motor, with Chairman Chung Mong Koo also holding the title, along with Kim Eok Jo.

To contact the reporter on this story: Rose Kim in Seoul at rkim76@bloomberg.net

To contact the editor responsible for this story: Brett Miller at bmiller30@bloomberg.net


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