New Top Management Announced at Hyundai Heavy

Mr. Kwon Oh-gab

Hyundai Heavy Industries Group (HHI Group) announced today that Kwon Oh-gab, the former CEO of Hyundai Oilbank – South Korea’s fourth largest refiner, has joined Hyundai Heavy Industries (HHI) as a new president and chief of HHI Group Planning Team.

Hyundai Oilbank senior EVP Moon Jong-bak has been promoted to take over Mr. Kwon’s former position as the new CEO.

Hyundai Heavy Industries Group commented on the leadership movements today:

“The top management reshuffle today is a reflection of our commitment to reforming business management and achieving a turnaround. In addition to the reshuffle, for more efficient business operations we transformed HHI’s Corporate Planning Team to HHI Group Planning Team.”

This isn’t the first executive role for Mr. Kwon at HHI however.  He first joined HHI in 1978 and served as senior executive vice president from 2007 to 2010. Later he moved to Hyundai Oilbank where he served as CEO and led the company through a period of stable growth from 2010 to 2014.

HHI employs 20,000 shipyard workers, engineers, and staff at their three production yards in South Korea totaling 9 million square meters.

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