- Appointments to strengthen Hyundai Motor Group’s sustainable development in future mobility enterprise
- Jaehoon Chang is promoted to Vice Chair of Hyundai Motor Group – Automotive Division, to advance worth chain innovation in automotive enterprise, optimize enterprise operation, and maximize synergies between events throughout the Group
- José Muñoz appointed as CEO of Hyundai Motor Firm to boost world operations framework and safe sustainable competitiveness
- Sung Kim appointed as President of Hyundai Motor Firm to boost strategic intelligence capabilities and tackle world financial and safety challenges
- To acknowledge excellent efficiency and long-term competitiveness initiatives Jun Younger Choi is promoted to President of Kia Company, and Kyoo Bok Lee is promoted to President of Hyundai Glovi
- Appointment of latest CEOs for the Group’s associates, together with Cheol Seung Baek, Hyundai Transys; Joon Dong Oh, Hyundai KEFICO; Hanwoo Lee, Hyundai E&C; Woo Jeong Joo, Hyundai Engineering
Hyundai Motor Group (the Group) immediately introduced key govt appointments for the yr 2024 as a part of its goals to solidify sustainable development and higher put together for uncertainties within the world enterprise setting.
This appointment displays its dedication to a performance-based strategy that aligns with excellent achievements. By consolidating the Group’s core competencies and strategically inserting confirmed leaders with verified monitor information in key positions, the Group goals to strengthen organizational foundations and speed up our future transformation.
Jaehoon Chang is promoted to Vice Chair of Hyundai Motor Group – Automotive Division, efficient Jan. 1st, 2025, to additional strengthen the long run competitiveness of the Group’s mobility enterprise.
Since his appointment as CEO of Hyundai Motor in 2020, Chang has achieved record-breaking efficiency, regardless of unsure enterprise environments, reminiscent of escalating geopolitical dangers, altering paradigms in product and expertise, in addition to the worldwide pandemic. His management has pushed aggressive enterprise methods, agile market responses, and profitability enhancement initiatives.
Chang is acknowledged for laying the groundwork for Hyundai Motor’s long-term competitiveness by means of achievements that embody spearheading the hydrogen initiative and the profitable IPO of Hyundai Motor India Restricted in India.
Trying forward, Chang will oversee your entire worth chain, together with product planning, provide chain administration manufacturing, and high quality evaluation. He’ll optimize enterprise operations throughout the automotive enterprise whereas securing inner synergies and constructing foundational techniques for price and high quality innovation to make sure sustainable future competitiveness.
José Muñoz is appointed President and CEO of Hyundai Motor Firm to advance world administration framework and solidify customer-focused mobility innovation by means of numerous powertrain choices, together with electrical, hybrid, ICE and hydrogen applied sciences, efficient Jan. 1st, 2025.
By strengthening seller competitiveness and driving profitability-focused administration, he has repeatedly set document efficiency milestones for Hyundai Motor in North America.
Consequently, Muñoz is appointed as the primary non-Korean CEO of Hyundai Motor – recognized as the best match to additional improve the corporate’s efficiency due to his merit-based administration philosophy and his dedication to recruiting high world expertise. Going ahead, he’s anticipated to boost the corporate’s world administration techniques and additional elevate its stature as a number one world model.
Muñoz joined Hyundai Motor Firm in 2019 as President and World Chief Working Officer and President and CEO of Hyundai and Genesis Motor North America. Muñoz was introduced as an inner director of Hyundai Motor in 2022, solidifying his status as a confirmed chief within the world automotive trade by contributing to the corporate’s record-breaking efficiency.
Earlier than becoming a member of Hyundai Motor, he led outstanding development as Nissan’s Chief Efficiency Officer and Head of North America and China operations.
Sung Kim is appointed as President of Hyundai Motor Firm to handle the enterprise successfully by means of world financial uncertainties, efficient Jan. 1st, 2025.
As a foremost skilled on East Asian and Korean Peninsula affairs in america, Kim has held key roles throughout successive U.S. administrations, together with the Bush, Obama, Trump, and Biden governments. Following his retirement from the U.S. Division of State, Kim joined Hyundai Motor Group as an advisor in January 2024, supporting Hyundai Motor’s world commerce and coverage methods and exterior networking.
As a part of his appointment to boost the corporate’s Suppose Tank capabilities and higher navigate varied geopolitical challenges, Kim will oversee world exterior affairs, analyze and analysis home and worldwide coverage tendencies, and lead communications and PR initiatives. He’ll give attention to rising synergies throughout the corporate’s intelligence features, strengthening exterior networking and advancing world protocol capabilities.
Jun Younger Choi is promoted to President of Kia Company from Head of Home Manufacturing Division and Chief Security Officer (CSO).
Choi has been instrumental in securing Kia’s highest-ever efficiency as Head of Home Manufacturing. By important enhancements in labor administration practices he has strengthened productiveness and high quality competitiveness. Moreover, Choi has taken a forward-looking strategy to bolstering Kia’s manufacturing capabilities, main the transition of AutoLand Gwangmyeong in Korea in direction of a future-focused EV manufacturing facility.
As CEO of the Kia Tigers baseball group, Choi additionally guided the group to victory within the 2024 KBO League and the Korean Collection, overcoming early-season challenges to safe a unified championship.
Kyoo Bok Lee, CEO of Hyundai Glovis, is promoted to President. Lee has pushed important enhancements in monetary stability by means of world challenges and intervals of elevated market volatility. He has actively enhanced company worth by means of initiatives that embody Hyundai Glovis’s first-ever Investor Day, fostering sturdy communication with the market and prospects.
Moreover, Lee has made substantial contributions to strengthening Hyundai Glovis’s competitiveness by increasing investments in key services and areas, laying the groundwork for the corporate’s transformation right into a future-focused end-to-end built-in logistics supplier.
To strengthen sustainable administration and speed up enterprise transformation, the Group has appointed Cheol Seung Baek as CEO of Hyundai Transys and Joon Dong Oh as CEO of Hyundai KEFICO.
Baek has beforehand held key roles, together with Head of Hyundai Motor’s Czech operations, and varied positions throughout the Buying Division. Since becoming a member of Hyundai Transys in 2023, he has been accountable for enterprise operations.
Shifting ahead, Baek will give attention to making certain continuity in Hyundai Transys’s core enterprise areas – powertrain, electrification, and seating – whereas addressing important points reminiscent of stabilizing labor relations and fortifying administration techniques.
Present Head of the Electrification Manufacturing Engineering Heart, Oh has been promoted to Govt Vice President and nominated as CEO of Hyundai KEFICO. Recognized for his experience in manufacturing expertise, Oh has contributed considerably to strengthening electrification capabilities. His focus might be on advancing Hyundai KEFICO’s operational construction to optimize its components enterprise for inner combustion engines whereas main a transition to electrification-centered new enterprise ventures.
To handle challenges within the development trade and speed up elementary enhancements, the Group has appointed Hanwoo Lee as CEO of Hyundai Engineering & Building Co., Ltd. (Hyundai E&C) and Woo Jeong Joo as CEO of Hyundai Engineering Co., Ltd.
Hanwoo Lee is promoted to Govt Vice President and appointed as CEO from his position as Head of the Housing Enterprise Division at Hyundai E&C. Since becoming a member of Hyundai E&C in 1994, Lee has gathered in depth expertise, together with roles as Head of Strategic Planning and the Housing Enterprise Division.
He’s anticipated to drive the diversification of Hyundai E&C’s world portfolio throughout civil engineering and plant divisions and lead strategic investments targeted on the power sector, positioning Hyundai E&C as a frontrunner in trade transformation. This generational shift embodies Hyundai E&C’s ‘challenger spirit’ and displays its dedication to securing future development drivers.
Woo Jeong Joo, at the moment Head of Finance & Accounting Division at Kia, is promoted to President and appointed as CEO of Hyundai Engineering. A famend finance skilled throughout the firm, Joo performed a key position in Kia’s record-breaking monetary efficiency. At Hyundai Engineering he’ll give attention to delivering an upward development in enterprise efficiency and enhancing organizational competitiveness to strengthen Hyundai Engineering’s place throughout the trade.
Sudong Yeo, President of Hyundai Transys; Younger Jong Yoo, Govt Vice President of Hyundai KEFICO; Younger Joon Yoon, President of Hyundai E&C; and Hyeon Sung Hong, President of Hyundai Engineering, will transition into advisory roles.
Hyundai Motor Group has made these govt appointments as a part of a strategic effort to boost its world competitiveness, specializing in expertise and efficiency. Following this spherical of appointments the Group will proceed to advertise a performance-based management renewal by means of its annual govt appointments in December. It will contain proactive growth and promotion of expertise to additional reinforce the Group’s long-term competitiveness.
Present Govt Positions
Jaehoon Chang – President and CEO of Hyundai Motor Firm
José Muñoz – President and World Chief Working Officer (HMC), President and CEO of Hyundai and Genesis Motor North America
Sung Kim – advisor to Hyundai Motor Group
Jun Younger Choi – Govt Vice President of Kia Company
Kyoo Bok Lee – Govt Vice President and CEO of Hyundai Glovis
Cheol Seung Baek – Govt Vice President and Chief Enterprise Improvement Officer at Hyundai Transys
Joon Dong Oh – Vice President and Head of Electrification Manufacturing Engineering Heart at Kia
Hanwoo Lee – Senior Vice President and Head of Housing Works Division at Hyundai E&C
Woo Jeong Joo – Govt Vice President, CFO and Head of Finance & Accounting Division at Kia
* Editor’s observe: Appointment of all CEOs referenced are topic to approval by the related Group affiliate’s Board of Administrators
