Posco-India chief leaves Orissa, new CMD to be named on Feb 28
After a three year stint as the chairman-cum-managing director of Posco-India, Soung Sik Cho has left Orissa for South Korea.
BHUBANESWAR: After a three year stint as the chairman-cum-managing director of Posco-India, Soung Sik Cho has left Orissa for South Korea.
Cho who on behalf of the company had signed mou with the Orissa government on June 22, 2005 for setting up of a steel mill near Paradip, left the state yesterday, a company spokesman told media.
Claiming that Cho's departure would in no way affect the company's India project, the spokeman said that 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 February 28, Posco-India General Manager Saraoj Mohapatra added.
Besides being CMD of Posco-India, Cho was also the senior executive vice-president and member of the board Posco.
Though Cho's dream of beginning construction work at the proposed plant site could not materialise during his tenure, he was instrumental in obtaining the state government's recommendation for prospecting license over the iron rich Khandadhar reserve despite opposition from different quarters.
Besides, Cho had also enabled the company to get stage-I of the forest land diversion proposal clearance.
Cho who on behalf of the company had signed mou with the Orissa government on June 22, 2005 for setting up of a steel mill near Paradip, left the state yesterday, a company spokesman told media.
Claiming that Cho's departure would in no way affect the company's India project, the spokeman said that 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 February 28, Posco-India General Manager Saraoj Mohapatra added.
Besides being CMD of Posco-India, Cho was also the senior executive vice-president and member of the board Posco.
Though Cho's dream of beginning construction work at the proposed plant site could not materialise during his tenure, he was instrumental in obtaining the state government's recommendation for prospecting license over the iron rich Khandadhar reserve despite opposition from different quarters.
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Besides, Cho had also enabled the company to get stage-I of the forest land diversion proposal clearance.
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