Soo Il Lee will become the next CEO and president of Hankook. He's worked for the tire maker for 30 years.

Soo Il Lee will become the next CEO and president of Hankook. He's worked for the tire maker for 30 years.

Hankook Tire Co. Ltd. has named Soo Il Lee CEO and president. He will serve alongside existing CEO Hyun Bum Cho. Lee's appointment is part of a restructuring that will take effect Jan. 1, 2018. It includes the retirement of Vice Chairman and CEO Seung-hwa Suh. The company says Suh will serve in an advisory role.

Hankook said Lee will serve "as a separate representative of the company" and will oversee Hankook's management. Lee joined Hankook in 1987 and in 2006 was named vice president and director of marketing. In 2009 he became senior vice president and chief operating officer of Hankook's Americas headquarters, and in 2013 he served in the same capacity at Hankook's Chinese headquarters. In 2016 he was promoted to executive vice president and chief operating officer of the China headquarters. In 2017 he was named executive vice president, chief marketing officer and chief corporate management officer for the company..

Along with Lee, one executive vice president, five senior vice presidents and 17 vice presidents were appointed. Hankook says it has restructured its organization "to respond to the global market and customers with more agility."

The other promotions include:

Executive Vice President Dong Whan Moon, COO of Production Division

Senior Vice Presidents

Sung Ho Chung, plant managing director of Chongqing plant, China headquarters;

Seung Bin Lim, division director of marketing division;

Sang Hoon Lee, department director of sales and strategy, China headquarters

Vice President

Yong Sub Chung, managing director of Australia, ASIA region;

Eui Don Suh, plant managing director of Jiaxing plant, China headquarters;

Man Joo Kim, department director of distribution, ASIA region;

Hyang Bong Kim, team manager of Jiangsu plant, China headquarters;

Byung Hee Kim, America headquarters corporate management team manager

For more information about Hankook, visit www.hankooktire.com/global.

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