HYUNDAI MERCHANT MARINE APPOINTS NOH JEONG-IK PRESIDENT
Hyundai Merchant Marine has named Noh Jeong-Ik, former vice-president of Hyundai Capital Services, as the new president of the company, effective Sept. 24.
Noh succeeds Jang Cheol-Soon, president and chief executive officer, who has been appointed vice-chairman of Hyundai Merchant Marine.
Noh joined Hyundai Engineering & Construction Co. Ltd. in 1977 and has had various posts within the Hyundai group.
Hyundai Merchant Marine said it will “focus on restructuring to further advance its position in the shipping industry.” Noh said the company needs to complete its restructuring and generate profits. Hyundai Merchant Marine has recently sold its car-carrier division to a joint venture led by Wilh. Wilhelmsen ASA and Wallenius Lines AB.