Looking for new leadership
Under Yang's leadership of the company,
Hyundai Motor Company saw great leaps in sales, quality, research and
development and customer satisfaction, even during the crisis that
has struck the automotive and financial industries. Yang however will not be totally absent from the company as he will assume an advisory role.
In the meantime, Yang's his duties as co-CEO will be divided amongst domestic and foreign sales chiefs Kim Choong-ho and Kim Seung-tack, respectively, under the oversight of Chung Mong-Koo, Chairman and also co-CEO of the company.
Hyundai Motor Company's board will
choose a new CEO later on.