Hanon Systems reported its board of directors has approved the promotion of Ramachandran (Subu) Nagasubramony to President. He will lead the company alongside President and co-CEO Nurdal Kücükkaya. Kücükkaya has been serving as President and representative executive officer of Hanon Systems, and Nagasubramony as the company's chief financial officer (CFO) since January 1, 2019.

Nagasubramony will retain his role as CFO.