The board of STX Offshore & Shipbuilding led by major creditorKorea Development Bank (KDB) unanimously voted to ask the STX Group founder tovacate the position in a meeting held today, Yonhap news reported, citingunnamed sources.
Park Dong Hyuk, senior executive vice president of DaewooShipbuilding & Marine Engineering, is set to be unveiled as his successor.
As TradeWinds reported last week, creditors plan to sell the company after normalising operations under a new CEO.
Kang
