Hyundai Heavy executive to head Hyundai Oilbank

Hyundai Heavy Industries on Wednesday appointed executive vice president Kwon Oh-gab as the president of Hyundai Oilbank, the nation’s fourth largest refiner.

Kwon first joined Hyundai Heavy in 1978 and has served in a number of key positions including domestic sales and exports. 

The nomination was announced shortly after a two-year dispute over the management control of the refiner between Hyundai Heavy and Abu Dhabi’s state-run International Petroleum Investment Co.