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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hyundai HCN Co.,Ltd.    A126560   KR7126560002

HYUNDAI HCN CO.,LTD.

(A126560)
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Hyundai HCN : Motor Group Appoints J. Scott Drennan as Vice President of Urban Air Mobility Division; Drennan brings more than 25 years of experience in engineering and innovation with a focus in vertical take-off and landing (VTOL) aircraft

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04/06/2020 | 11:18am EDT

SEOUL- Hyundai Motor Group (the Group) announced today it has appointed J. Scott Drennan as Vice President of its Urban Air Mobility (UAM) Division. Drennan will report to Jaiwon Shin, Executive Vice President (EVP) and Head of UAM Division. In this role, Drennan will lead UAM research and development.

Prior to joining Hyundai, Drennan spent more than 25 years with Bell Textron and made significant contributions to the V-22, the AW609 and the V-280, all vertical take-off and landing (VTOL) aircraft. He most recently served as Vice President of Innovation at Bell Textron, where he was responsible for developing advanced configurations, technologies and vertical lift missions to advance Bell Textron's commercial and military business. His expertise and leadership will be a crucial driver in establishing the Group as the leader in future urban mobility.

'We are fortunate to have Scott join our UAM Division,' said EVP Shin. 'I've had the opportunity to collaborate with Scott closely in the past and found him not only superb in his technical knowledge and experience but also excellent in leading people. Leveraging his vast experience in the VTOL and UAM fields, Drennan will lead the engineering development to turn our vision of Urban Air Mobility into a reality, transforming our life styles for many decades to come.'

'I am honored to contribute to Hyundai's vision of future mobility,' said Drennan. 'Since my childhood, I have dreamed of teaming with fellow engineers and designers to develop technological marvels. EVP Shin and the Hyundai Motor Group have given me the opportunity and great responsibility to do just that. In our daily lives, we lose too much precious time in traffic congestion. I want to give that time back to people through safe, accessible and sustainable vertical mobility.'

Through its UAM Division, Hyundai Motor Group aims to provide innovative smart mobility solutions to address ever-increasing traffic congestion in megacities around the world that suffer economic and environmental tolls due to lost productivity and air pollution.

Earlier this year at the Consumer Electronics Show (CES), the Group's flagship unit Hyundai Motor Company presented its vision to offer an integrated mobility solution, including UAM, Purpose Built Vehicles (PBV) and Hub, that will help vitalize cities and improve people's lives.

The Group showcased a concept personal air vehicle (PAV) model S-A1 that was built in collaboration with Uber Elevate, as Uber and Hyundai agreed to work together in the aerial ridesharing field.

Drennan started his career as an engineer in 1990 as a co-op student with GE Aircraft Engines. Since then, he held various positions of increasing responsibility in engineering and program management. Prior to his innovation role at Bell Textron, he was a functional director of air vehicle integration and a program manager and chief engineer on the AW609 commercial tiltrotor program. His experience includes applied research, new aircraft development, certification and engineering support to experimental and production manufacturing.

Drennan was appointed an Aeronautics Committee member on the NASA Advisory Council in June 2018.

Drennan holds a Bachelor of Science in Aerospace Engineering from the University of Maryland and a Masters of Liberal Arts from Southern Methodist University. He has received executive leadership training from the UNC Kenan-Flagler Business School.

About Hyundai Motor Group

Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group's automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all.

More information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com

More information about Hyundai Motor and its products can be found at:

worldwide.hyundai.com or globalpr.hyundai.com

Visit the Kia Motors Global Media Center for more information: www.kianewscenter.com

For more information on Genesis and its new definition of luxury, please visit https://www.genesis.com

Disclaimer: Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI HCN CO.,LTD. -2.94% 4450 End-of-day quote.30.50%
HYUNDAI MOTOR COMPANY 0.82% 98000 End-of-day quote.-18.67%
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Financials
Sales 2020 293 B 0,24 B 0,24 B
Net income 2020 37,2 B 0,03 B 0,03 B
Net cash 2020 271 B 0,22 B 0,22 B
P/E ratio 2020 13,6x
Yield 2020 1,46%
Capitalization 490 B 397 M 397 M
EV / Sales 2019
EV / Sales 2020 1 669x
Nbr of Employees 73
Free-Float 31,4%
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Mean consensus BUY
Number of Analysts 2
Average target price 4 500,00 KRW
Last Close Price 4 450,00 KRW
Spread / Highest target 12,4%
Spread / Average Target 1,12%
Spread / Lowest Target -10,1%
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Managers
NameTitle
Seong-Il Kim Chief Executive Officer & Director
Ho-Jin Chang Director
Yong-Pyo Gong Independent Director
Dong-Su Kim Independent Director
Seung-Kwon Park Independent Director
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