Kim Jong-Ho has been appointed chairman of Kumho Tire Co. Inc. by Korean Development Bank, the current creditors of Kumho Tire. The appointment will be effective Dec. 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. His 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.
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,” he says. “It is time for us to make disciplined and effective changes to better address and manage market demands.”
In another key move, Han Yong-Seong, a former executive from Woori Bank, was selected as the vice president of Kumho Tire. Yong-Seong was also a former chief financial officer of Taihan Electric Wire Co. Ltd. from 2010 to 2014, overseeing the restructuring of the company’s subsidiaries.
The appointments of Jong-Ho and Yong-Seong will be finalized during a shareholders’ meeting on Dec. 1, 2017.
For more information on Kumho Tire Co., check out “Apollo Is Definitely Out of the Running to Buy Kumho Tire.”
To find out more about Kumho Tire USA Inc. and its products, please visit www.KumhoTireUSA.com.