Cho Chang-hyun, executive director of Hyundai Card, will be appointed as the company's new co-CEO. Moving forward, Hyundai Card will be led by co-CEOs Vice Chairman Jeong Tae-young and Executive Director Cho Chang-hyun. Hyundai Card announced on the 17th that it is recommending Executive Director Cho as co-CEO and is in the process of appointing him.
Executive Director Cho was nominated as a candidate for CEO at the executive candidate recommendation committee held on the 9th and is expected to be officially appointed after the extraordinary shareholders' meeting and board of directors scheduled for the 30th. Born in 1970, Executive Director Cho joined Hyundai Card in 2004 and has held various positions including head of GPCC (General Purpose Credit Card), head of PLCC (Private Label Credit Card), head of the Financial and Corporate Business Division, and head of the Card Sales Division. He is regarded as a practical leader with experience in various fields of credit cards, including marketing strategy, credit sales planning, Customer Lifecycle Management (CLM), and financial sales.
Hyundai Card adopted a co-CEO system in 2021. Vice Chairman Jeong Tae-young focuses on long-term future strategies such as company innovation, transitioning into a tech corporation, and improving the company structure. Meanwhile, the "management-type CEO" receives delegation of authority over overall management from Vice Chairman Jeong Tae-young, concentrating on management, efficiency improvement, and operational stabilization.
A Hyundai Card official noted, "We expect that the new CEO's management and communication skills, combined with Vice Chairman Jeong Tae-young's insights, will greatly contribute to Hyundai Card's long-term growth."