Hyosung America Inc., a cash management solutions company, has appointed Sang Hwan Kweon to serve as CEO. He will succeed Hee-Eun Ahn effective Oct. 1, who recently announced his retirement, according to a press release.

Kweon previously served as COO at Hyosung and SVP of global business and product planning for Hyosung TNC.

"I want to personally thank Mr. Ahn for his contributions and the team he has built here at Hyosung America," Kweon said in the release. "We are positioned to do great things in the coming years as we work with our financial institution, retail and channel partners to make banking and retail a phenomenal experience for consumers."

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