Korean owner HMM has brought in logistics specialist Jae-hoon Bae as its new president and CEO.
He is replacing CK Yoo, who announced in February he would be stepping down at the end of this month.
Bae was recommended earlier in March by a committee led by Korea Development Bank following a "comprehensive candidate examination", the company said.
He has already visited the office to meet HMM’s senior executives and "thoroughly checked current and future business conditions for the company," HMM added.
