Hyundai Heavy rejigs senior management

Hyundai Heavy Industries, the world’s largest shipbuilder, has rejigged its senior management set up, ditching a dual CEO function in the process.

The shipbuilding giant will now be led by CEO Kang Hwan-goo alone while his former joint CEO Kwon Oh-gap will move to become CEO of a new holding company in the restructured group.

Hyundai Heavy, as with most of its peers in South Korea, has been forced to go through a severe restructuring in the past few years as orders slumped, especially from offshore clients.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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