- Appointments to strengthen Hyundai Motor Group’s sustainable progress 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 inside the Group
- José Muñoz appointed as CEO of Hyundai Motor Firm to reinforce international operations framework and safe sustainable competitiveness
- Sung Kim appointed as President of Hyundai Motor Firm to reinforce strategic intelligence capabilities and tackle international 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 recent 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) right this moment introduced key government appointments for the yr 2024 as a part of its goals to solidify sustainable progress and higher put together for uncertainties within the international enterprise atmosphere.
This appointment displays its dedication to a performance-based strategy that aligns with excellent achievements. By consolidating the Group’s core competencies and strategically putting confirmed leaders with verified observe data 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 longer term 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 know-how, 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 achievements that embody spearheading the hydrogen initiative and the profitable IPO of Hyundai Motor India Restricted in India.
Wanting forward, Chang will oversee all the 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 inside synergies and constructing foundational techniques for value and high quality innovation to make sure sustainable future competitiveness.
José Muñoz is appointed President and CEO of Hyundai Motor Firm to advance international administration framework and solidify customer-focused mobility innovation by various powertrain choices, together with electrical, hybrid, ICE and hydrogen applied sciences, efficient Jan. 1st, 2025.
Via strengthening seller competitiveness and driving profitability-focused administration, he has repeatedly set file efficiency milestones for Hyundai Motor in North America.
In consequence, Muñoz is appointed as the primary non-Korean CEO of Hyundai Motor – recognized as the perfect match to additional improve the corporate’s efficiency due to his merit-based administration philosophy and his dedication to recruiting high international expertise. Going ahead, he’s anticipated to reinforce the corporate’s international administration techniques and additional elevate its stature as a number one international 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 inside director of Hyundai Motor in 2022, solidifying his status as a confirmed chief within the international automotive business by contributing to the corporate’s record-breaking efficiency.
Earlier than becoming a member of Hyundai Motor, he led exceptional progress 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 international financial uncertainties, efficient Jan. 1st, 2025.
As a foremost professional on East Asian and Korean Peninsula affairs in the US, 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 international commerce and coverage methods and exterior networking.
As a part of his appointment to reinforce the corporate’s Assume Tank capabilities and higher navigate varied geopolitical challenges, Kim will oversee international 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 capabilities, strengthening exterior networking and advancing international 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. Via 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 workforce, Choi additionally guided the workforce 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 international challenges and durations of elevated market volatility. He has actively enhanced company worth by initiatives that embody Hyundai Glovis’s first-ever Investor Day, fostering sturdy communication with the market and clients.
Moreover, Lee has made substantial contributions to strengthening Hyundai Glovis’s competitiveness by increasing investments in key services and places, 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 inside 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 guaranteeing 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 know-how, Oh has contributed considerably to strengthening electrification capabilities. His focus will likely be on advancing Hyundai KEFICO’s operational construction to optimize its elements enterprise for inside combustion engines whereas main a transition to electrification-centered new enterprise ventures.
To deal with challenges within the development business and speed up basic enhancements, the Group has appointed Hanwoo Lee as CEO of Hyundai Engineering & Development 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 function as Head of the Housing Enterprise Division at Hyundai E&C. Since becoming a member of Hyundai E&C in 1994, Lee has accrued intensive 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 international portfolio throughout civil engineering and plant divisions and lead strategic investments centered on the power sector, positioning Hyundai E&C as a frontrunner in business transformation. This generational shift embodies Hyundai E&C’s ‘challenger spirit’ and displays its dedication to securing future progress 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 professional inside the firm, Joo performed a key function 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 inside the business.
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 government appointments as a part of a strategic effort to reinforce its international competitiveness, specializing in expertise and efficiency. Following this spherical of appointments the Group will proceed to advertise a performance-based management renewal by its annual government appointments in December. This can contain proactive improvement 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 notice: Appointment of all CEOs referenced are topic to approval by the related Group affiliate’s Board of Administrators
