Korean Development Bank, the current creditors of Kumho Tire, has appointed Kim Jong-Ho as the new chairman of the company, effective December 1, 2017. Jong-Ho previously held the title of CEO for Kumho Tire from 2008 to 2012 and successfully led the company through significant challenges during the global recession and recovery period.
Chairman Kim’s extensive tire industry experience is a product of his various international leadership positions across global divisions in Singapore, the Middle East, Australia and the U.S. In the early stages of the company’s growth, Jong-Ho’s focus on innovation and technology across all businesses contributed to substantial global expansion.
“Our primary focus is to truly listen to the needs of our customers and implement a solution-based strategy and react to market changes with optimal agility. It is time for us to make disciplined and effective changes to better address and manage market demands”, said Chairman Kim Jong-Ho.
Along with Kim, Han Yong-seong, a former executive from Woori Bank, was selected as the vice president of Kumho Tire. Han was also a former chief financial officer of Taihan Electric Wire from 2010 to 2014, overseeing the restructuring of the company’s subsidiaries.
The appointment of Kim and Han will be finalized during a shareholders’ meeting on Dec. 1, 2017.
