HHI Group reorganizes top management

Hyundai Heavy Industries Group said that Kwon Oh-gab, the former CEO of Hyundai Oilbank , joins Hyundai Heavy Industries as a new president and chief of HHI Group Planning Team.

Also Moon Jong-bak, senior executive vice president of Hyundai Oilbank, is promoted to take over Kwon’s former position as a new CEO.

Hyundai Heavy Industries Group said, “The top management reshuffle 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 entered 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.

Press Release, September 15, 2014; Image: HHI