Hyundai Heavy Industries Group (HHI Group) has announced that Kwon Oh-gab, the former CEO of Hyundai Oilbank Co., Ltd. (Hyundai Oilbank), joins Hyundai Heavy Industries Co., Ltd. (HHI) as a new president and chief of HHI Group Planning Team.
Moon Jong-bak, senior executive vice president of Hyundai Oilbank, has been promoted to take over Kwon’s former position as a new CEO.
Commenting on the reshuffle, Hyundai Heavy Industries Group stated: “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.”
Kwon 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.
Moon joined HHI in 1983. He was transferred to Hyundai Oilbank in 2010 and served as senior executive vice president of Hyundai Oilbank from 2013 to 2014.
Adapted from press release by Katie Woodward
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