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EghtesadOnline: IKCO's CEO, Hashem Yekehzare appointed Mohammad Reza Motamed as the new head of the joint venture between IKCO and Peugeot named IKAP.

According to ISNA, Motamed had served as IKCO Deputy CEO in Engineering Department of the Middle East’s largest car manufacture.

He also served various positions in Iran Khodro Company including Deputy CEO in Tondar Production, Color Hall as well as Color Projects Manager, Member of Iran Khodro Tabriz Board of Directors and Member of Hami Electronic Iranian Board of Directors.

He has replaced Morad Majlesi, a pioneer of Iran Khodro who died last month.

The joint venture (IKAP) officially started working on June 21 with holding the board meeting.

IKCO Peugeot IKAP Mohammad Reza Motamed