The collectors of HMM, South Korea’s flagship provider, have gotten tongues wagging in Seoul with the selection of the road’s subsequent CEO.
Bae Jae-hoon has determined to not renew his contract with HMM after three years within the job with Kim Kyung-bae designated as his alternative from March 26. Kim was the CEO of one other transport line, Hyundai Glovis, for eight years by means of to 2017. Hyundai Glovis is owned by Hyundai Motors and the subsequent CEO information has prompted native media to invest that HMM’s collectors have discovered a purchaser for the road lastly.
HMM has been managed by state-run Korea Growth Financial institution (KDB) because it was bailed out in 2016. The financial institution has mentioned repeatedly it’s searching for to discover a purchaser for HMM.
Officers at each Hyundai Motors and Hyundai Glovis have this week denied any hypothesis about taking up HMM, an organization previously known as Hyundai Service provider Marine.
In associated information, one other liner boss selecting to remain on quite than go away his put up is Rolf Habben Jansen. The supervisory board of Hapag-Lloyd has agreed to an early extension of his contract till March 31 2027. Habben Jansen has been in cost on the Hamburg-based line since 2014.