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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.
–Ajit Weekly News
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