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Hyundai Motor Promotes Younger Executives, With Eye on Succession Planning

By Clip Syndicate
Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession at the family-owned conglomerate. Hyundai Motor said it elevated chief marketing officer Cho Won-hong to executive vice president. Cho, 50, was handpicked by the automaker' s heir apparent Chung Eui-sun, people familiar with the matter said. Its domestic public relations chief Kong Young-woon, who too is 50, was also elevated to the post, making the duo the second-youngest executive vice presidents currently at Hyundai.








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