University professor Lee Byung-mo is being brought in by creditors to run restructuring Hanjin Heavy Industries & Construction (HHIC).
The former STX Offshore & Shipbuilding president and DSME vice president will replace HHIC chairman Cho Nam-ho, Maeil Business reported, citing industry sources.
Hanjin said last week that Cho and parent group Hanjin Heavy Industries & Construction Holdings (HHICH) will lose control of the shipbuilding business in a capital reduction.
