Dick Macedo Announces His Resignation; Executive Was With Kia Motors America Nearly Eight Years

Apr 04, 2001, 01:00 ET from Kia Motors America

    IRVINE, Calif., April 4 /PRNewswire/ -- Dick Macedo, Kia's executive vice
 president of marketing and sales, will resign Friday after nearly eight years
 with the company.  Macedo, 60, said that, after such a lengthy period of
 working for a start-up car company, he decided the time was right to spend
 more time with his family and turn his interests elsewhere.
     "Dick talked with me about this recently, and I accepted the fact that
 he's making the right personal decision," said B.M. Ahn, Kia's president and
 chief executive officer.  Ahn added that the company already has begun a
 search to fill the management slot vacated by Macedo.
     Macedo was hired by the late Greg Warner to be Kia's first marketing
 director in June 1993, and was one of the key contributors in developing Kia's
 brand image and sales growth.  In fact, since he was promoted to his current
 position in 1998, Kia sales totaled 82,893 units in 1998, 134,594 units in
 1999 and 160,606 in 2000.
     "Those were some dramatic increases -- an achievement I'm very proud of,"
 Macedo said.  "I think I helped build a solid foundation for a new car company
 in America, and now is the best time for me to step aside.  The company is
 doing well and I've got great faith that Kia employees and Kia dealers will
 successfully carry on without me."
     Kia Motors America is the sales, marketing and service arm of Kia Motors
 Corp. in Seoul, South Korea.
 
 

SOURCE Kia Motors America
    IRVINE, Calif., April 4 /PRNewswire/ -- Dick Macedo, Kia's executive vice
 president of marketing and sales, will resign Friday after nearly eight years
 with the company.  Macedo, 60, said that, after such a lengthy period of
 working for a start-up car company, he decided the time was right to spend
 more time with his family and turn his interests elsewhere.
     "Dick talked with me about this recently, and I accepted the fact that
 he's making the right personal decision," said B.M. Ahn, Kia's president and
 chief executive officer.  Ahn added that the company already has begun a
 search to fill the management slot vacated by Macedo.
     Macedo was hired by the late Greg Warner to be Kia's first marketing
 director in June 1993, and was one of the key contributors in developing Kia's
 brand image and sales growth.  In fact, since he was promoted to his current
 position in 1998, Kia sales totaled 82,893 units in 1998, 134,594 units in
 1999 and 160,606 in 2000.
     "Those were some dramatic increases -- an achievement I'm very proud of,"
 Macedo said.  "I think I helped build a solid foundation for a new car company
 in America, and now is the best time for me to step aside.  The company is
 doing well and I've got great faith that Kia employees and Kia dealers will
 successfully carry on without me."
     Kia Motors America is the sales, marketing and service arm of Kia Motors
 Corp. in Seoul, South Korea.
 
 SOURCE  Kia Motors America