PRESS ROOM
The creditors of Kumho Tire appoints Kim Jong-Ho as the new chairman 10/23/2017
Seoul, South Korea, Oct. 23, 2017 - Korean Development
Bank,
the current creditors of Kumho Tire, the world’s 9th largest
global
tire company, has appointed Kim Jong-Ho as the new chairman of the company,
effective December 1, 2017. Jong-Ho previously held the title of CEO for
Kumho
Tire from 2008 ? 2012 and successfully led the company through significant
challenges during the global recession and recovery period.
Chairman Kim’s extensive tire industry experience is a
product of his various international leadership positions across global
divisions in Singapore, the Middle East, Australia and the U.S. In the early
stages of the company’s growth, Jong-Ho’s focus on innovation and technology
across all businesses contributed to substantial global expansion.
“Our primary focus is to truly listen to the needs of our
customers and implement a solution-based strategy and react to market
changes
with optimal agility. It is time for us to make disciplined and effective
changes to better address and manage market demands”, said Chairman Kim
Jong-Ho.
Along with Kim, Han Yong-seong, a former executive from
Woori Bank, was selected as the vice president of Kumho Tire. Han was also a
former chief financial officer of Taihan Electric Wire from 2010 to 2014,
overseeing the restructuring of the company’s subsidiaries.
The appointment of Kim and Han will be finalized during a
shareholders’ meeting on Dec. 1, 2017.
About
Kumho
Tire
Founded in 1960, Kumho Tire has more than 50 years of
history immersed in an innovative approach to product development, market
expansion, technical progression and environmental awareness that has
positioned the company as one of the world’s top tire manufacturers.
Distributed in 160 countries, Kumho Tire is dedicated to providing an
exceptional driving experience for consumers and optimal service for our
customers throughout the world. Headquartered in Atlanta, Georgia, Kumho
Tire
USA is the U.S. sales, marketing, product development and distribution arm
of
Kumho Tire Co. Inc. For more information on Kumho Tire USA, Inc. and its
products, please visit www.KumhoTireUSA.com. Follow Kumho Tire on
Facebook.com/KumhoTire, Instagram instagram.com/kumhotireusa/ and on Twitter
@KumhoTireUSA.
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