Hyundai Motor nominates Genesis head as new co-CEO

FILE PHOTO: The logo of Hyundai Motor is pictured at the second media day for the Shanghai auto show in Shanghai

SEOUL (Reuters) – Hyundai Motor nominated Jaehoon Chang, global head of its premium Genesis brand, as the co-CEO and president on Tuesday, it said in a statement.

Lee Won-hee, existing president and co-CEO, will focus on securing a competitive edge in future automotive businesses such as optimizing global businesses and strengthening technology development, the automaker said.

(Reporting by Joyce Lee; Editing by Shri Navaratnam)