Daewoo India Chief Y C Kim Resigns On Health Grounds

Daewoo Motors India managing director and chief executive YC Kim has resigned. He resigned after the board of directors met on Saturday to take on record the annual results for 2000-01. Young Tae Cho has been named the new managing director and chief executive.

According to an official release, Kim resigned on health grounds and is going back to the US where his family lives. Kim had spent over five-and-a-half years in India.

This is the second resignation among the Daewoo Motors India brass in the past one year. Last year, chairman SG Awasthi had resigned to take up employment with the Jaiprakash Gaur-controlled Jaypee Hotels.

 

A veteran of 23 years with Daewoo, Cho comes to India from Poland. Prior to the India assignment, he was executive director, board member, director (sales division), Daewoo Motors Polska, Poland. He has also headed Dae- woo, Peru, Venezuela and Ukraine.

Kim