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Kia tips Song global president to lead new midterm plan

Kia has tapped Ho-sung Song, current head of its global operations division, as its new president to lead the South Korean automaker’s new mid-term plan.

Song, 57, takes the reigns April 1 from Han-woo Park, who will stay on in an advisory role, Kia said in a statement on Friday.

Park, 62, currently holds the title of president and CEO. A Kia spokeswoman said the board of directors would decide later about a possible CEO appointment.

Song’s extensive overseas experience gives him a good foundation for spearheading the next phase of Kia’s business plan, the Korean automaker said.

Before leading the company’s global operations division as executive vice president, Song was president of Kia Motors Europe, head of the company’s export planning group and president of Kia Motors France.

His extensive overseas experience gives him a good foundation for spearheading the next phase of the automaker’s business plan.

His first task will be leading the Plan S business plan unveiled in January which targets a shift from internal combustion technology toward electric and autonomous vehicles through a $25 billion investment blitz.

Kia will offer 11 electric vehicles by 2025, targeting a 6.6 percent global share of the EV market. It also aims to get 25 percent of its global sales from eco friendly vehicles by 2025. As part of the rollout, a dedicated EV arrives in 2021.

 

MIKE OCHONMA

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