Seoul, Nov 17 (SocialNews.XYZ) Hyundai Group Chairwoman Hyun Jeong-eun will step down as chair of the board of directors at the group's elevator unit next month to help improve its governance structure, the company said.
Hyun tendered her resignation from the chair position of Hyundai Elevator Co. at the company's board meeting, the company said in a statement.
"Faced with growing demand for an advanced government structure in businesses, (I think) Hyundai Elevator also needs to respond to calls for board of director-centered management decisions," Hyun said in the statement, reports Yonhap news agency.
Hyundai Elevator will form a new board of directors at an extraordinary shareholders meeting on Dec. 29, and the new board of directors will select a new chairperson, the statement said.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz