Vast Executive Reorganization at Hyundai Group

Hyundai Motor Group today announced executive appointments for the year 2024 as part of efforts to solidify sustainable growth and prepare for uncertainties in the global business environment. A key appointment sees Jaehoon Chang is promoted to Vice Chair of Hyundai Motor Group, Automotive Division, to advance value chain innovation in automotive business, optimize business operation, and maximize synergies between parties within the Group.

The appointments reflects its commitment to a performance-based approach that aligns with outstanding achievements. By consolidating the Group’s core competencies and strategically placing proven leaders with verified track records in key positions, the Group aims to strengthen organizational foundations and accelerate our future transformation,” Hyundai said in a unevenly translated version of the release.

Other Key Appointments

• José Muñoz appointed as CEO of Hyundai Motor Company to enhance global operations framework and secure sustainable competitiveness.
• Sung Kim appointed as President of Hyundai Motor Company to enhance strategic intelligence capabilities and address global economic and security challenges
• Jun Young Choi is promoted to President of Kia Corporation, and Kyoo Bok Lee is promoted to President of Hyundai Glovis to recognize outstanding performance and long-term competitiveness initiatives.
• New CEOs for the Group’s affiliates are Cheol Seung Baek, Hyundai Transys; Joon Dong Oh, Hyundai KEFICO; Hanwoo Lee, Hyundai E&C; Woo Jeong Joo, Hyundai Engineering. [All CEOs are subject to approval by the relevant Group affiliate’s Board of Directors – AutoCrat]

AutoInformed Milestone

José Muñoz as President and CEO of Hyundai Motor Company is the first non-Korean CEO of Hyundai Motor. Hyundai said he is the ideal fit to further enhance the company’s performance thanks to his merit-based management philosophy and his commitment to recruiting top global talent. Going forward, he is expected to enhance the company’s global management systems and further elevate its stature as a leading global brand.

Muñoz joined Hyundai Motor Company in 2019 as President and Global Chief Operating Officer and President and CEO of Hyundai and Genesis Motor North America. Muñoz was announced as an internal director of Hyundai Motor in 2022, solidifying his reputation as a proven leader in the global automotive industry by contributing to the company’s record-breaking performance. Before joining Hyundai Motor, he was Nissan’s Chief Performance Officer and Head of North America and China operations. (read Autoinformed.com on: Muñoz Shows 2016 Altima at Automotive Press Association)