SEOUL - For 30 years, Hyundai Motor Co. has been a closed shop: All senior executives came up though the ranks. That ended with the boardroom coup in February that elevated Chung Mong-Koo, eldest son of the group's founder, to the chairmanship of both Hyundai Group and Hyundai Motor.
'M.K.,' as the 60-year-old Chung is known, has packed the Hyundai Motor board and executive offices with cronies from the group's central headquarters staff and from Hyundai Precision & Industry Co., a maker of sport-utilities which he headed as president for most of this decade.
While the members of Hyundai's new inner court all have strong credentials in domestic operations, they come up short in international business experience. They are:
Lee Kye-Ahn, regarded as one of the new chairman's closest confidants. His nomination to the Hyundai Motor board in February was the catalyst that led to the forced resignation of M.K.'s uncle, Chung Se-Yung, and his cousin, Chung Mong-Gyu, 'M.G.,' as honorary chairman and chairman, respectively.
Lee, who came from the group's central planning office, will be one of four Hyundai Motor presidents. He will be responsible for overseeing finance, public relations and general administration. His age was not available.
Lee Jung-Gap, 52, vice president of finance, personnel, administration, planning and public relations. Lee is a former head of the group's integrated purchasing division.
Kim Won-Gap, who will report to J.G. Lee as the new executive managing director for finance. Kim, 46, was formerly a director with Hyundai Industrial Development and Construction Co. Ltd. and the group's planning and coordination team.
Park Won-Ki, 53, to vice president of domestic marketing, service and customer relations. Park has spent the past 13 years of his career at Inchon Iron & Steel, a Hyundai affiliate.
Roh Kwang-Ho, appointed president of Hyundai's domestic operations. He was brought back to Hyundai Motor after a stint with Inchon Iron & Steel. As a high school classmate of M.K., he is thought to belong to the chairman's inner-inner circle. His age was not available.
Additionally, several Hyundai Motor executives not linked to the two ousted Chungs have been promoted. They include:
Park Byung-Jae, a former president of both Hyundai Motor and Hyundai Motor America, becomes vice chairman of both Hyundai Motor and Kia Motors. Park reports directly to M.K. and serves as de facto chairman, overseeing daily operations.
After Hyundai's takeover of Kia Motors, Park was sidelined by then-chairman M.G. Chung, who tapped him to serve as 'adviser' to Kia. His age was not available.
Lee Chong-Goo becomes president of r&d with responsibilities for all engineering. Lee oversees the r&d centers of Kia, Asia Motors, Hyundai Precision and Hyundai Motor. He is a highly regarded engineer. His age was not available.
Kim Noi-Myung has been promoted from executive managing director to vice president of international operations. He reports to Lee Yoo-Il, president responsibile for international operations. His age was not available.