HMM names Jae-hoon Bae as its new chief executive

Hyundai Merchant Marine (HMM) today announced the appointment of ex-Pantos Logistics head Jae-hoon Bae (pictured above) as its new president and chief executive.

Mr Bae had been selected as the preferred candidate by the South Korean carrier’s recommendation committee, which is led by Korea Development Bank, on 7 March.

“Mr Bae, an expert in logistics who successfully served as chief executive of Pantos Logistics for six years, is favoured because of his broad understanding and capabilities in terms of sales negotiation, global management and organisational management,” an HMM official said.

“Mr Bae is expected to focus on a customer’s view on handling HMM’s current issues in order to lead managerial innovation, [and] strengthen its sales competitiveness.

“And all of HMM employees will do their best to lay a foundation to take a leap forward to become a global top-rated carrier,” the official added.

Mr Bae began his career when he joined LG Semicon as a marketing director in 1990 and was promoted to the post of president of LG Semicon America in 1997.

He then served as vice president of LG Electronics MC (Mobile Communications) Overseas Marketing in 2004, and subsequently served as chief executive of Pantos Logistics from January 2010 to January 2016.

His appointment follows the shock resignation of previous chief executive CK Yoo, who stepped down from the role in mid-February, just weeks after signing a three-year extension to his contract.