Skip to main content

New head for Hyundai Construction Equipment Europe

Hyundai Construction Equipment Europe has appointed a new managing director.
By MJ Woof January 21, 2020 Read time: 2 mins
Sungwoo Lee is now managing director of Hyundai Construction Equipment Europe (HCEE)

Hyundai Construction Equipment has named Sungwoo Lee as the new managing director for Europe. Sungwoo (SW) Lee takes over as head of Hyundai Construction Equipment Europe (HCEE), based in Belgium. With over 20 years of service at the Hyundai group, SW Lee brings a longstanding international sales career to Europe. SW Lee replaces JH Chun who will return to Korea where he will lead the international marketing team of HCE (Hyundai Construction Equipment).

SW Lee is already familiar with the European organisation. Working as a Construction Equipment sales manager in the European subsidiary from 2005 until 2009, he has a good understanding of the dealer network, the European market requirements, and culture.

SW Lee will focus on a proactive sales strategy. By further growing the European dealer network, setting-up a key account management structure, and an advanced market-oriented product strategy, he plans to lead HCEE into gaining an increasingly profitable market share in the coming years.

SW Lee commented, “At HCEE we are striving to become a top player in the worldwide Construction Equipment business. In a stabilising European market, we wish to grow our market share in a sustainable and profitable way. Growth in our market share will lead to higher brand visibility. Growth in the quality and quantity of both our organisation and dealer network will be our primary goals to achieve this. We will continue to focus on the 3 E’s: Embrace our dealer network, Excel in what we do and Engage our internal teams.”
 

For more information on companies in this article

Related Content

  • Deere’s big Brazilian investment
    May 14, 2012
    Deere & Company plans to build two new factories in Brazil to meet growing market demand for its construction equipment products in Brazil and other South American countries. The total investment is approximately US$180 million with Deere investing approximately $124 million of the total.
  • Cummins sets new quarterly record
    November 6, 2023
    The US-headquartered global off-highway machine engine giant posted a 15% year-on-year revenue rise to US$8.4 billion.
  • Germany sets up National Cycle Plan 3.0
    July 21, 2020
    Germany’s three-year national strategy carries on from previous strategies.
  • Wacker Neuson Group confident for 2016 despite a difficult start
    May 13, 2016
    During the first quarter of 2016, international light and compact equipment manufacturer Wacker Neuson continued to feel the impact of difficult conditions across many of its markets, in particular in the Americas region. Although the group managed to maintain revenue at almost the same level as the record-breaking prior-year quarter, it reported lower profit figures for the period. Company management confirmed its forecast for fiscal 2016. Group revenue for the first quarter of 2016 amounted to €316.