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Posco-India chief leaves; new CMD on 28 Feb

Posco-India chief leaves; new CMD on 28 Feb
PTI
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First Published: Mon, Feb 23 2009. 09 18 PM IST
Updated: Mon, Feb 23 2009. 09 18 PM IST
Bhubaneswar: After a three-year stint as the chairman-cum-managing director (CMD) of Posco-India, Soung- Sik Cho has left Orissa for South Korea.
Cho, who on behalf of the company had signed a memorandum of undersatnding (MoU) with the Orissa government on 22 June 2005 for setting up of a steel mill near Paradip, left on Sunday, a company spokesman said.
Claiming that Cho’s departure would in no way affect the company’s India project, the spokesman said the company was yet to announce name of the new CMD of Posco-India, a subsidiary of South Korea-based Posco.
The new CMD for Posco-India will be chosen at the board meeting in Korea on 28 February, Posco-India general manager Saroj Mohapatra added.
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First Published: Mon, Feb 23 2009. 09 18 PM IST