South Korean liner operator SM Line has appointed Yoo Jo-hyuk as its new chief executive officer (CEO).
Yoo is taking over from Park Kee-hoon, who resigned on 29 September, citing personal reasons. Media speculation that Park stepped down in the face of falling freight rates was refuted by SM Line.
Yoo’s appointment is an internal promotion, as he was previously SM Line’s network group leader, acting CEO and head of planning and management headquarters. Prior to joining SM Line, Yoo was an...