Industrials
KAI names ex-audit official new CEO
- PUBLISHED :October 26, 2017 - 11:26
- UPDATED :October 26, 2017 - 11:26
[THE INVESTOR] Korea Aerospace Industries, the country‘s sole aircraft manufacturer, has named a former audit and inspection official its new chief executive after its former head stepped down in July over a corruption scandal.
KAI held a board meeting on Oct. 25 to appoint Kim Jo-won, who worked at the Board of Audit and Inspection of Korea for 20 years, a company spokesman said.
Kim, 61, began his three-year term as CEO vowing to make utmost efforts to keep the company’s business unscathed from the scandal, particularly in exporting Korean-made aircraft, he said.
His appointment comes weeks after former president Ha Seong-yong, 66, was indicted on charges of his involvement in accounting fraud, embezzlement and bribery.
By Alex Lee and newswires (alexlee @heraldcorp.com)