Hyundai Heavy Industries Co., the world’s top shipbuilder, appointed Kim Oi-hyun as co-chief executive during its shareholders’ meeting on Friday.

The former shipbuilding division head will replace Min Keh-sik, who had led the firm for the past 10 years.

Kim, 57, will oversee management as vice chairman and chief executive, alongside Lee Jai-seong, who became president and chief executive in 2009, Hyundai said.

A graduate of Seoul National University, Kim entered the shipbuilding firm in 1975 and held a variety of posts in the fields of design, research and business planning.

By Shin Hyon-hee (heeshin@heraldcorp.com)