Input 2021.03.24 11:43
There are a total of four inside directors of Hyundai Mobis, and one position was vacated as CEO Park Jung-guk moved to Hyundai Motor Company, but as Honorary Chairman Chung Mong-koo decided to withdraw after leaving his term of office for one year, a total of two were newly appointed. Vice President Bae Hyeong-geun is re-elected.
For the first time in history, Chief Executive Officer Ko, a senior executive, was appointed to the position of honorary Chairman Chung’s resignation. This is because it considers professionalism rather than position.
Honorary Chairman Chung was completely retired from the front line of management by ending the shareholders’ meeting of Hyundai Mobis on this day and giving down the last remaining registered director positions. Honorary Chairman Chung, who served as the first president of Hyundai Precision Industries, the predecessor of Hyundai Mobis in 1977, also means that the’MK era’ is ending at Hyundai Mobis.
Honorary Chairman Chung also put down the unregistered executives of Hyundai Motors, which he had maintained along with the registered director of Hyundai Mobis on this day. Earlier in February of last year, the board of directors of Hyundai Motors did not propose an agenda for re-electing Honorary Chairman Chung as internal director. In March, the chairman of the board of directors of Hyundai Motors was handed over to the then group’s senior vice chairman Eui-sun Eui-seon after 21 years, and in October, he was elected as the honorary chairman of the group.
When the Fair Trade Commission appoints Chairman Eui-seon Eui-seon as the group’s head of the group (same person) in May, the transition to the’Eui-seon Jeong-seon system’ is virtually complete. The Hyundai Motor Group has requested the Fair Trade Commission to change the total number of companies that actually dominate the company from Honorary Chairman Chung Mong-koo to Chairman Eui-Sun Eui-seon. If the same person is changed, the total number will change in 21 years.
However, as the Hyundai Motor Group is already speeding up the transition to a future mobility solution company with Chairman Chung as the center, there is no significant change in the group as a whole.
Honorary Chairman Chung did not appear on the official stone statue after attending the National Assembly investigation for the investigation of the facts of the Gukjeong Nongdan Gate in December 2016. It is known that he did not even attend the board of directors when he entered his 80s.
In addition, Hyundai Mobis decided to appoint outside directors of Dae-soo Kim, Professor of Business Administration at Korea University, and Professor Jin-ah Kang of the Graduate School of Technology Management and Economics Policy at Seoul National University, at the shareholders’ meeting. Professor Jinah Kang is the first female outside director of Hyundai Mobis. In addition, amendments to the articles of incorporation, including the business purpose of manufacturing and sales of aviation mobility and robot parts, as well as approval of financial statements, and approval of the compensation limit for directors, were decided as the original draft.
President Sung-Hwan Cho said in a greeting after the appointment of the executive director, “We will transform our business model into a technology company focused on software and platform to secure differentiated competitiveness.” “Environment, Social and Governance (ESG) Management for Sustainable Growth I will also strengthen it further,” he said.