SEOUL—Hankook & Co., the holding company of Hankook Tire & Technology Co. Ltd., has announced a series of appointments to drive growth in 2022.
Effective Jan. 1, the reshuffle will see CEO Hyunbum Cho taking over as chairman of Hankook & Co., the group announced Dec. 23.
Former Chairman Yangrae Cho will serve as the "honorary chairman of the group."
Hyunbum Cho first joined Hankook Tire in 1998, subsequently becoming the head of marketing division and business strategy division.
In 2018, he was appointed as the CEO of Hankook Tire, leading the company's large-scale investments in China, Hungary and the U.S.