Hyundai Heavy Industries (HHI) is bringing through the next generation of its management in a reshuffle that will see it revert to a single CEO.

Dual CEO and vice chairman Kwon Oh-gap has resigned, while chairman Choi Kil-seon is retiring to play an advisory role, the Pulse daily reported.

This leaves CEO and president Kang Hwan-goo in sole charge, the yard group said.