Hyundai Motor Group carried out a reshuffle of CEOs and presidents for the year 2024 to effectively cope with global management uncertainties and build foundation for sustainable future growth, it said on Nov. 15.
Hyundai Motor has nominated leaders verified with performances and capabilities as CEOs and presidents of the group.
The latest personnel change demonstrates not only a merit-centric approach in accordance with targeted outcomes, but also strengthening organizational capabilities, such as mobilizing of in-house core capabilities to brace for rising future uncertainties and accelerating future transition.
(from left) President Jang Jae-hoon, vice chairman of Hyundai Motor Group in charge of automaker, President & CEO José Muñoz of Hyundai Motor, Sung Kim as president in charge of the group’s think tank, Choi Jun-young, president of Kia Motors, and Lee Kyoo-bok, CEO of Hyundai Glovis.
Hyundai Motor CEO and President Jang Jae-hoon has been promoted to vice chairman of Hyundai Motor Group in charge of automaker, effective Jan. 1. 2025, a move designed to reinvent the fundamental constitution of the automaking business and ramp up future competitiveness.
New Vice Chmn. Jang has been credited with having achieved the best-ever business performance since the group’s founding by implementing aggressive business strategies and conducting diverse activities to improve profitability amid uncertain business conditions.
Some external factors since he took off as Hyundai Motor CEO in late 2020 included widening geopolitical risks, product technology paradigm shifts and the pandemic.
He has been evaluated for successfully building a foundation to ramp up mid- and long-term competitiveness of Hyundai Motor, such as leading of the hydrogen initiative and the successful IPO in India.
Vice Chmn. Jang will be charged with overseeing the overall value chain, ranging from product planning to supply chain management and production and quality, promoting optimizing of the overall operation of the automaking business.
He will also secure business synergies and sustainable future competitiveness by building a foundation regime for unit price and quality innovation.
Hyundai Motor Company appointed José Muñoz as the company’s President and CEO, effective Jan. 1, 2025.
Muñoz will lead Hyundai Motor Company’s global business, succeeding current President and CEO Chang, who has been promoted to the Vice Chair of Hyundai Motor Group.
Muñoz will oversee the execution of the company’s customer-focused vision of ‘Progress for Humanity’, building on its leadership position in next-generation mobility, including electrification, diversified powertrain offerings and hydrogen technology. He will also focus on advancing the company’s global management system to further strengthen Hyundai Motor’s status as a 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.
In 2022, Muñoz was announced to the Hyundai Motor Company Board of Directors with expanded responsibilities to include Europe, India, Middle East and Africa, and Asia Pacific.
He also led global sales, service and product planning as part of the Global Operations Division.
In order to effectively cope with a global economic security crisis, Hyundai Motor Group tapped Sung Kim as president in charge of the group’s think tank.
As a foremost expert on East Asian and Korean Peninsula affairs in the United States, Kim has held key roles across successive U.S. administrations, including the former presidents Bush, Obama, Trump, and Biden.
Following his retirement from the U.S. Department of State, Kim joined Hyundai Motor Group as an advisor in January 2024, supporting Hyundai Motor’s global trade and policy strategies and external networking.
Choi Jun-young was promoted to president of Kia Corporation from head of the Domestic Production Division and Chief Safety Officer (CSO).
Choi has been instrumental in securing Kia’s highest-ever performance as Head of Domestic Production.
Lee Kyoo-bok, CEO of Hyundai Glovis, was promoted to president.
Lee has driven significant improvements in financial stability through global challenges and periods of increased market volatility.
He has actively enhanced corporate value through initiatives that include Hyundai Glovis’s first-ever Investor Day, fostering robust communication with the market and customers.
