Kia Motors Corp. confirms Senior Executive Vice President and Chief Financial Officer Kim Chi-woong will vacate the post he has held for the past two years.

Ahn Hee-bong, former Hyundai Hysco Steel Co. executive vice president, will replace him. Hyundai Hysco is part of the Hyundai-Kia Automotive Group.

No reason was given for the personnel change.

Prior to his stint at Kia, Kim served Hyundai Motor Co. Ltd. since 1978. He headed up the Hyundai-Kia corporate audit group as well as the corporate procurement division.