Hyundai to have new India helmsman

Starting from the next financial year, Hyundai Motor India will witness a change of guard with Byung-Ho Sung stepping down from the post of managing director of the company.

Sung is expected to be replaced by S S Yang, who currently heads the Korean car company's operations in China. HMIL executives confirmed that Sung will be returning to Korea, but added that the parent company is yet to send the details of his replacement.

Though HMIL was unable to confirm the appointment of Yang as the new managing director of the company, it is learnt that he brings long years of experience in Hyundai Motors operations from Turkey and China. Sung is a metallurgical engineering graduate of Hanyang University, one of Korea's leading educational institutions, based in Seoul.

According HMIL website, Sung had joined Hyundai Precision in 1977, where he steadily rose over a two-decade time frame to the position of executive vice president.

He moved to Kia Motor Corporation as Head of Exports for the Middle East and Africa regions in 1999. In year 2000, he became Senior executive vice president of Hyundai Motor Company (HMC) with responsibility for the overseas sales division, looking after HMC's growing presence in over 180 countries. He joined as the managing director of HMIL in August 2004.

He is expected to move to Hyundai's subsidiary INI Steel Co Ltd in Korea as the company's president.