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New CEO for Hyundai Motor

Park Hwang-Ho, 57, formerly Senior Executive Vice President of Planning has been named Hyundai Motor's new CEO and President responsible for planning and sales, replacing Dr Kim Dong-Jin who becomes Vice Chairman.

At the same time, Jeon Cheon-Soo, formerly head of the Ulsan Plant, assumes the new title of President of Manufacturing. Shin Hyun-Oh, the former Executive Vice President of Production Development, has been promoted to Senior Executive Vice President of Production Technology while Asan plant head Ahn Joo-Soo has been promoted to Senior Executive Vice President of the plant.

Hyundai says the new appointments, effective from 1 September 2003, “lay the groundwork to strengthen Hyundai's overseas operations and joining the ranks of the world's top five carmakers by 2010.”

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