Most Popular
-
1
Yoon apologizes for first lady Dior bag scandal, calls push for special probe ‘political’
-
2
Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
-
3
Korea forecast to overtake Taiwan in chip production by 2032: report
-
4
[K-pop’s dilemma] Can K-pop break free from ‘fandom’ model?
![[K-pop’s dilemma] Can K-pop break free from ‘fandom’ model?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/09/20240509050541_0.jpg&u=20240509173751)
-
5
YouTuber fatally stabbed on livestream by another YouTuber in Busan
![[K-pop’s dilemma] Can K-pop break free from ‘fandom’ model?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/09/20240509050541_0.jpg&u=20240509173751)
-
6
No plan to let doctors with foreign licenses practice here anytime soon: PM
-
7
Yoon rebuffs opposition's call for special probe into wife
-
8
Stray Kids hit with racism in Met Gala photo line
-
9
[News Analysis] Yoon's first 2 years marked by intense confrontations, lack of leadership
![[News Analysis] Yoon's first 2 years marked by intense confrontations, lack of leadership](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/09/20240509050612_0.jpg&u=20240509233252)
-
10
Yoon apologizes for wife's 'unwise conduct'
![[News Analysis] Yoon's first 2 years marked by intense confrontations, lack of leadership](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/09/20240509050612_0.jpg&u=20240509233252)
Ssangyong Motor head offers to resign before March
By Korea HeraldPublished : Jan. 21, 2015 - 21:31
“I have already told Mahindra Group chairman Anand Mahindra that I won’t be able to serve another term. The talks have been underway for more than two years,” Lee told reporters at the media test-driving event for the company’s new SUV Tivoli in Yeouido, Seoul. Mahindra acquired Ssangyong in 2010 and the Indian automaker’s chairman visited Seoul earlier this month to mark the launch of Tivoli, the first new car under the Mahindra regime.
“I think this is the right time for me to let go of this heavy burden as a CEO now that Tivoli has made quite a successful debut. I want to make way for a younger person to lead the company which is going through a critical stage,” the 70-year-old said. Lee said he plans to step down before the shareholders’ meeting scheduled in March.
Lee, a motor specialist with 30 years of industry experience at Hyundai Motor Group, was appointed as the joint legal administrator of Ssangyong Motors in February 2009 when it was going through a workout process. He was appointed as CEO by Mahindra in 2011.
By Bae Ji-sook (baejisook@heraldcorp.com)
-
Articles by Korea Herald
![[Today’s K-pop] NCT’s Mark to drop 1st solo album in February 2025](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/05/10/20240510050597_0.jpg&u=)