SEOUL (Reuters) - South Korea's Samsung (LON:0593xq) Heavy Industries (KS:010140) named Joonou Nam as its new chief executive officer on Monday after Park Dae-young resigned to take responsibility for the firm's losses.
The shipbuilder's shares plunged last week as it forecast a fourth straight year of operating losses and announced a rights issue.
Nam previously oversaw Samsung Heavy's shipyard in Geoje, South Korea.