NEW YORK (CNNMoney.com) -- South Korean automaker Kia Motors, on the heels of a global recall of more than 100,000 vehicles, said Tuesday it has named a new vice chairman to replace Chung Sung-eun, who had resigned.
Kia's former president, Lee Hyoung-keun, was named to succeed Chung, company spokesman Michael Woo said.
Chung resigned the same day Kia (KIMTF.PK), which is 39%-owned by Hyundai, recalled more than 35,000 cars in the United States and more than 104,000 vehicles globally for fire-prone electrical wiring systems.
"[Chung] resigned amidst an ongoing recently announced recall," said Woo, declining to say whether the recall was the reason Chung decided to step down. ![]()



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