Hanon Systems Changes Representative Executive Officer Structure
SEOUL, Korea, July 31, 2023 - Hanon Systems (KS:018880), a leading global supplier of automotive thermal and energy management solutions, today announced CEO Min Suk Sung has tendered his resignation, effective today.
Hanon Systems plans to appoint Nurdal Kücükkaya and Ramachandran (Subu) Nagasubramony as co-CEOs to lead the company, subject to board of director approval to be confirmed at the upcoming regular meeting on Aug. 10.
Kücükkaya has been serving as a representative executive officer of Hanon Systems and Nagasubramony has been serving as the company’s chief financial officer (CFO) since Jan. 1, 2019.
The company also plans to appoint three additional corporate executive officers: Yoon Ho Wang; Sang Gil Seo and Hyunsoo (Bona) Kim, subject to board approval at the Aug. 10 meeting. They will join the existing four executive officers that includes: Kücükkaya, Nagasubramony, Steven Clarke and Yong Soo (Peter) Jung.