Chung Euisun reelected as Hyundai Mobis’ internal directorBy Shin Ji-hye
Published : March 18, 2020 - 17:26
Hyundai Motor Group Executive Vice Chairman Chung Euisun was reelected as Hyundai Mobis’ in-house director Wednesday during a shareholders meeting, after overcoming objections.
Chung’s term was extended until 2022.
The same day, the shareholders passed resolutions approving the financial statements and appointing two outside directors, Young&Co’s CEO Chang Young-woo and former Opel Chief Executive Karl-Thomas Neumann.
Prior to the shareholders meeting, some overseas pension funds and advisory companies had expressed opposition to Chung’s reelection out of concern about the board’s independence.
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