Kia shareholders name new co-CEO, shares fall

Newswire

SEOUL, March 21 (Reuters) - Shareholders of Kia Motors Corp approved on Friday the appointment of Kim Ik-whan as new co-CEO, replacing the son of the Hyundai Motor Group chairman, a move analysts say was the result of poor earnings. Kim was named vice chairman last year. Chung Eui-sun, son of Hyundai Motor Co chairman Chung Mong-koo, will continue to serve as the company's president for overseas business, a spokeswoman said. Following the news, Kia shares fell 2.12 percent to 11,550 ...

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