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CNH NAMES GERRIT MARX AS CEO: Mr. Marx Returns to CNH from Iveco Group, Succeeding Scott W. Wine Who Has Decided to Leave the Company Having Successfully Overseen the Delivery of the 2021 Business Plan

CNH NAMES GERRIT MARX AS CEO Mr. Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Plan Basildon, Apr. 21 (Korea Bizwire) — CNH Industrial N.V. (NYSE:CNHI) announces the appointment of Gerrit Marx to the role of [...]

Olof Persson to Replace Gerrit Marx as CEO of Iveco Group Starting from July 2024

Turin, Apr. 21 (Korea Bizwire) – The Board of Iveco Group N.V. (EXM: IVG) (or “the Group”) announces that Olof Persson will succeed Gerrit Marx as Group CEO when the latter leaves the Group to take up his appointment as the CEO of CNH Industrial N.V. (NYSE: CNHI) on 1st July 2024. Mr. Persson, who is currently [...]

Almost Half of CEOs of Leading 500 Firms in 60s: Survey

SEOUL, Jan. 10 (Korea Bizwire) — Nearly half of the chief executives of the leading 500 firms in South Korea are in their 60s, a survey showed Wednesday. According to the survey conducted by CEO Lab, a corporate research organization, on the age of CEOs of the top 500 companies, the average age of a [...]

Study Reveals Trends in Heirs’ Ascent to CEO at Top Conglomerates

SEOUL, Dec. 7 (Korea Bizwire) – On December 6, the business research institute Leaders Index revealed that family members serving as top executives (CEO, Vice Chairman, Chairman) in the management of the top 100 domestic conglomerates, on average, climb the corporate ladder to become executives in their early to mid-30s, subsequently reaching the CEO position within [...]

New KT Chief Vows to Increase IT Capabilities for Future Growth Momentum

SEOUL, Sept. 7 (Korea Bizwire) — KT Corp.’s new chief said Thursday that he will do his best to build up the leading telecom operator’s future growth potential and energy by integrating information technology with its conventional telecommunications business in the future. Kim Young-shub, former CEO of IT service provider LG CNS Co., was appointed [...]

S. Korean CEOs Actively Buy Company Shares amid Sluggish Market

SEOUL, Aug. 30 (Korea Bizwire) — Chief executives at South Korea’s major companies have been actively purchasing their own company shares over the past year amid a sluggish stock market, a corporate tracker said Tuesday, highlighting their commitment to earning shareholder trust and enhancing responsible management. According to a survey conducted by Leaders Index of [...]

KT Picks New Chief After Months of Leadership Vacuum

SEOUL, Aug. 5 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, said Friday it has nominated a new chief executive after months of leadership vacuum. The telecom giant’s board of directors nominated Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader, KT said in a [...]

Predictability Required in Doing Business in S. Korea: Mercedes-Benz Korea CEO

SEOUL, June 21 (Korea Bizwire) — The head of Mercedes-Benz Korea Ltd. has said a predictable business environment is the “one thing” he has wanted the most from the South Korean government during his 2 1/2-year term that ends in September. Over the past few years, the regulatory landscape in South Korea has actually developed [...]

Kakao’s Co-CEO Resigns over Massive Service Disruption

SEOUL, Oct. 19 (Korea Bizwire) — A top executive of Kakao Corp. stepped down Wednesday to take responsibility for the recent disruption of the company’s mobile messenger KakaoTalk and other related services. “As a CEO of Kakao, I feel miserable and strongly responsible for the incident. So I am stepping down from the post,” Kakao’s [...]

Optimas Solutions Elevates Mike Tuffy and Daniel Harms to Dual CEOs

WOOD DALE, Ill., Oct. 12 (Korea Bizwire) — Optimas Solutions, a global industrial manufacturer/distributor and service provider, announced today the elevation of Mike Tuffy to CEO, International, and Daniel Harms to CEO, Americas. The decision to implement a dual-CEO structure evolves the organizational model established in 2020 with autonomous, yet connected, business units. By design, this structure [...]