-Responsible for the results… “There are many intent to take over”
Ssangyong Motors President Ye Byung-tae officially expressed his gratitude on the 7th. It has been two years since the inauguration of the CEO in 2019.
Yes, the president of Ssangyong Motor was promisingly mentioned as a court manager, but it was reported that he did not have experience as a court manager and was not suitable to take charge of the task. A successor has not been decided yet.
In an e-mail sent to executives and employees that day, CEO Yee said, “I take full responsibility as the company’s representative for any reason for the situation that the company is about to commence the rehabilitation process again.” You might think, but I think it’s a good idea to show that executives and employees are responsible for the results as the CEO, who has been in charge of management, because they know the shock and the feeling of collapse that they will receive.
He said, “It is still too early to despair as it is known that there are still many intent to take over Ssangyong Motor,” implying that the negotiations for the sale of HAAH Automotive were aground.
“Unfortunately, the decision to start the rehabilitation procedure is imminent as the inducement of new investors is delayed than planned, and a lot of confusion and difficulties to go through again is expected. I ask you to calmly judge the current situation with your eyes and work together.”
President Ye said, “Employees and employees are the best SUV experts in Korea.” I can go out.
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Born in 1958, President Yee Byung-Tae joined Hyundai Motor Company in 1982 and served as Marketing Planning Team Leader, Hyundai Motor Company and Kia Product Strategy Headquarters Executive Vice President, and Hyundai Commercial Vehicles Vice President. He joined Ssangyong Motors in 2018 and served as Vice President of Chief Operating Officer (COO), and was inaugurated as the CEO of Ssangyong Motors in March 2019.
Meanwhile, Ssangyong Motor plans to receive a letter of intent (LOI) from the US HAAH Automotive by the 31st of last month and submit it to the court, but has not yet received an answer from HAAH. Accordingly, the court is expected to begin the court management process on the 8th.
Reporter Oh Ah-reum [email protected]
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