Hyundai Samho Heavy Industries Co., Ltd. (HSHI) held a farewell ceremony for Mr. Lee Youn-jae, the outgoing president president _ CEO of HSHI on August 19.

The ceremony was progressed by plague presentation, floral tributes and farewell speech in the presence of Mr. Kang Soo-hyun, CEO of HSHI and HSHI personnel.

Mr. Lee has been worked for HSHI as president _ CEO since 1999 and accomplished management stabilization for HSHI through receiving new shipbuilding orders vigorously to secure abundant backlog, increasing sales to four times bigger than in his inauguration, newly employing 4,400 people and improving financial structure.

Furthermore, lately, HSHI has received orders for high value-added vessels, i. e. VLCCs, gigantic containerships over 8,000 TEU, LNG/LPG carriers, PCTCs and FPSO.

Meanwhile, He has been working for HHI as president responsible for marketing of both the Offshore _ Engineering and the Industrial Plant _ Engineering Divisions since June and after his leave HSHI, Mr. Kang soo-hyun would mange HSHI as sole CEO.