Hyundai Merchant Marine’s (HMM) president and CEO, Chang Keun Yoo, has decided to resign from his position next month, the South Korean shipping company confirmed to World Maritime News.

As informed, Yoo will formally announce his resignation at the upcoming shareholders meeting scheduled for the end of March 2019.

C.K. Yoo started his term two and a half years ago to oversee the company’s restructuring efforts and lead HMM into the new era of growth.