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Hyundai Electric & Energy Systems appoint new CEO

Hyundai Electric & Energy Systems has appointed the former chief of Korea Hydro & Nuclear Power (KHNP) Cho Seok as president and CEO.

The Korean electrical power equipment provider said new CEO Cho Seok, the first outsider to take the position, was appointed to replace former chief Chung Myung-lim, who resigned two days ago. The company is an affiliate of Hyundai Heavy Industries Group.

Cho, 62, began his career at the Ministry of Knowledge Economy in 1981 after graduating from Seoul National University. He served as vice minister at ministry between 2011 and 2013 and chief of state-run KHNP between 2013 and 2016.

HHI said Cho was appointing as he is a noted economic expert who has worked in energy, industrial policy and trade for more than 30 years while gaining trust from employees with strong leadership.

Source: Power Transformers News