Hyundai Motor appoints heir apparent as executive vice chairman

Source: Xinhua | 2018-09-17

Hyundai Motor Group, South Korea's biggest automaker, said Friday that it has appointed the group's heir apparent as executive vice chairman, the No. 2 post.

Chung Eui-sun, an heir apparent to Chairman Chung Mong-koo of the family-controlled conglomerate, was named to the post from the group's vice chairman.

The 49-year-old will oversee the group's entire operations, aiding and reporting to his 81-year-old father, Hyundai said in a press release.

It said the appointment reflected the chairman's aim to improve the group's overall business responsiveness amid rapid changes in the auto industry's competitive landscape.