-Singled out a professional automotive manager with 30 years of experience in the overseas market
-Reinforcing a foothold for export and a big leap toward becoming a `Global Top 5`
KIA Motors held an extraordinary directors meeting on the 10th, and appointed Kim Noi-myeong, the now-former vice-president of Hyundai Motor, as its new CEO in the meeting.
The new CEO has been an export and planning professional in the automotive industry for over 30 years since he had joined Hyundai in 1969, where he has contributed in making the company a global enterprise by securing firm grounds in the overseas automotive market.
KIA had disclosed that by appointing Kim with distinguished capability in overseas marketing and much experience in the international market, which is presently in the era of global competition, it has prepared a new turning point with which to reborn as an export-oriented car maker.
As the current Korean market now having reached the limit of automotive consumption, KIA plans to place its all-out efforts in increasing the earning rate and export covering 60% of its total sales.
In the meantime, the preceding CEO Kim Su-jung had indicated his desire to resign for numerous times on the grounds of his health and personal reasons