STX Pan Ocean says CEO appointed president of STX Corp

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SINGAPORE | Tue Aug 31, 2010 6:08am BST

SINGAPORE Aug 31 (Reuters) - Singapore-listed shipping company STX Pan Ocean (STXPx.SI) said on Tuesday its chief executive officer is being appointed president of its holding company, South Korea's STX Corp (011810.KS).

Sung Yob Choo has resigned as CEO of STX Pan Ocean but will remain a director of the company. The other two existing CEOs will remain in their positions. (Reporting by Eveline Danubrata; Editing by Raju Gopalakrishnan)

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