The Hindu : Business : Park to succeed Lheem as MD at HMIL

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Tuesday, Nov 03, 2009
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Park to succeed Lheem as MD at HMIL

K. T. Jagannathan

H. W. Park

CHENNAI: Hyundai Motor India Ltd. (HMIL) on Monday announced the transfer of its current Managing Director and Chief Executive Officer H. S. Lheem to its headquarters in Seoul, South Korea. The transfer will be effective from November 5. Mr. Lheem will be succeeded by H. W. Park, the current Senior Executive Director (Administration and Chief Financial Officer), HMIL.

Mr. Lheem joined Hyundai Motor India in December 2005 and has since led the company to record sales. During his tenure, the company saw the commissioning of its second manufacturing unit at Sriperumbudur in 2008. Under his leadership, HMIL launched new models such as the Verna, i10 and the i20, which have become successful both in the domestic and the international markets. Also, it was during his stewardship, Hyundai set up Kappa engine facility here.

Mr. Lheem, sources said, was largely responsible for expanding Hyundai India footprint across the globe, with Made in India Hyundai vehicles present in over 100 countries now. He also laid much emphasis on expanding the dealer network.

Things, however, had not been smooth for Mr. Lheem in the past few months or so as he had to tackle a serious problem on the industrial relations front. Sources, however, admitted that the ugly face-off with the labour was also a chief factor in the company’s decision to shift i20 production for European markets outside Chennai.

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