HMM Names Jae-hoon Bae As New CEO

South Korean container line Hyundai Merchant Marine (HMM) has announced that its board of directors had approved the hiring of Jae-hoon Bae as president and chief executive officer (CEO).

The CEO recommendation committee led by Korea Development Bank, selected Bae as the final candidate for the next HMM CEO following a comprehensive candidate examination.

Before his formal appointment, Bae came to the office to meet HMM’s senior executives and thoroughly checked current and future business conditions for the company.

HMM official said in a press statement, “Bae, an expert in logistics who successfully served as CEO of Pantos Logistics for six years, is favored because of his broad understanding and capabilities in terms of sales negotiation, global management, and organizational management.”

It added that: “Bae is expected to focus on a customer’s view on handling HMM’s current issues in order to lead managerial innovation, 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.”

Earlier in his career, Bae worked for LG Semicon as a marketing director in 1990 and promoted to the president of LG Semicon America Inc. in 1997. Then, he served as Vice President of LG Electronics MC (Mobile Communications) Overseas Marketing in 2004, and subsequently as CEO of Pantos Logistics from January 2010 to January 2016.