Hanon Systems has announced the resignation of Min Suk Sung from the position of CEO. The company is planning to name Nurdal Kucukkaya and Ramachandran (Subu) Nagasubramony as co-CEOs to head the company, pending board of director approval to be confirmed at the upcoming regular meeting on August 10. Kucukkaya is serving as a representative executive officer of the company and Nagasubramony is serving as the company's chief financial officer (CFO) since January 1, 2019.