Hyundai Merchant Marine (HMM) has appointed Mr Jae-hoon Bae as its President and CEO. Mr Bae’s appointment was approved by the Board of Directors on Tuesday, followed by the 43rd regular shareholders’ meeting of the company, which was held at HMM headquarters, Seoul.
On March 7, the CEO recommendation committee, led by Korea Development Bank, selected Mr Bae as the final candidate for the next HMM CEO following a comprehensive candidate examination. Before his formal appointment, Mr Bae came to the office to meet HMM’s senior executives and thoroughly checked current and future business conditions for the company.
An HMM official said, “Mr Bae, an expert in logistics who successfully served as CEO of Pantos Logistics for six years, is favoured because of his broad understanding and capabilities in terms of sales negotiation, global management and organisational management.” “Mr Bae is expected to focus on a customer’s view on handling HMM’s current issues in order to lead managerial innovation, strengthen its sales competitiveness. And all of HMM employees will do their best to lay a foundation to take a leap forward to become a global top-rated carrier,” the official added.
Earlier in his career, Mr Bae worked for LG Semicon as a Marketing Director in 1990 and was promoted to the post of President of LG Semicon America Inc. in 1997. He then served as Vice-President of LG Electronics MC (Mobile Communications) Overseas Marketing in 2004, and subsequently as CEO of Pantos Logistics from January 2010 to January 2016, informed a release.
