Hyundai Motor Group announced on the 15th that it has conducted personnel reshuffling of its CEO and president in 2024 to effectively respond to the uncertain global business environment and establish a foundation for sustainable future growth.
In order to fundamentally improve the structure of the finished car business and strengthen future competitiveness, Hyundai Motor Group plans to promote and appoint President Jang Jae-hoon, CEO of Hyundai Motor Company, to vice chairman in charge of finished cars (effective January 1, 2025).
Since Vice Chairman Jang Jae-hoon took office as CEO of Hyundai Motor Company at the end of 2020, he has implemented aggressive business strategies, agile market response, and improved profitability in various ways even in a more complex and uncertain business environment than ever before, such as expanding geopolitical risks, changes in product/technology paradigms, and pandemics. Through activities, etc., the company achieved its highest performance since its founding. In addition, it is evaluated that it has succeeded in establishing a foundation for strengthening Hyundai Motor Company’s mid- to long-term competitiveness, including leading the hydrogen initiative and succeeding in the Indian IPO.
In order to continue to advance its global management system and secure customer-centered mobility leadership, Hyundai Motor Company plans to appoint President Jose Muñoz, Chief Operating Officer (COO) and Head of North American Regional Headquarters, as its new CEO.
Since joining Hyundai Motor Company as Global Chief Operating Officer (GCOO) and in charge of the Americas region in 2019, President Jose Muñoz has successively achieved the best performance in North America by strengthening dealer competitiveness and conducting profitability-focused management activities.
In order to effectively respond to the global economic and security crisis, Sung Kim, an advisor to Hyundai Motor Company, will be recruited and appointed as president of the group’s think tank.
President Sung Kim is a former U.S. diplomatic official and top expert who is well-versed in the international situation, including East Asia and the Korean Peninsula, and has held several key positions from the Bush administration to the Obama, Trump, and Biden administrations.
In recognition of their contributions to achieving excellent business performance and improving business and organizational structure from a mid- to long-term perspective, Vice President Choi Jun-young, in charge of domestic production at Kia and Chief Safety and Health Officer (CSO), and Vice President Gyu-bok Lee, CEO of Hyundai Glovis, were promoted to president, respectively.
In order to secure future competitiveness by strengthening management and accelerating business transformation, Hyundai Transys Vice President Baek Cheol-seung and Hyundai Kefico Vice President Oh Jun-dong were appointed as CEO, respectively.
In order to overcome the crisis caused by the recession in the construction industry and accelerate fundamental improvement, Hyundai Engineering & Construction Vice President Lee Han-woo and Hyundai Engineering President Joo Woo-jeong were appointed as CEO, respectively.
Vice President Joo Woo-jeong (head of Kia’s finance division) was promoted and appointed as CEO of Hyundai Engineering.
Meanwhile, Hyundai Transys Yeosu-dong President, Hyundai Kefico Vice President Yoo Young-jong, Hyundai Engineering & Construction President Yoon Young-jun, and Hyundai Engineering Vice President Hong Hyun-seong are scheduled to be appointed as advisors and advisers.
(Main profile of executive personnel in the second half of 2024)
Chang Jae Hoon, Vice Chairman of Hyundai Motor Company
Born in 1964 (age 60)
Master of Business Administration, Boston Univ.
Korea University, Bachelor of Sociology
Career highlights
– Hyundai Motor Company) CEO (President)
– Hyundai Motor Company) Genesis Business Division Head (Vice President)
– Hyundai Motor Company) Head of Domestic Business Division (Vice President)
– Hyundai Motor Company) Head of Management Support Division (Vice President)
Jos é Muñoz, President of Hyundai Motor Company
Born in 1965 (age 59)
PhD in Nuclear Engineering from Polytechnic University of Madrid
IE Business School (Spain) MBA
Career highlights
– Hyundai Motor Company) Global Chief Operating Officer (COO) (President)
– Hyundai Motors) Americas Region Manager and North America Region Headquarters (President)
– Nissan) Corporate Performance Officer (CPO) and Head of China Corporation
– Nissan) North America Corporation (Executive Vice President)
Sung Kim, President of Hyundai Motor Company
Born in 1960 (age 64)
London School of Economics LLM in Law
Loyola Law School J.D.
Bachelor of Philosophy, University of Pennsylvania
Career highlights
– U.S. Ambassador to Indonesia and Special Representative for North Korea Policy
– U.S. Ambassador to the Philippines
– U.S. Department of State Special Representative for North Korea Policy
– U.S. Ambassador to Korea
Choi Jun Young, President of Kia
Born in 1963 (age 61)
Bachelor of Business Administration, Korea University
Career highlights
– Kia) Domestic Production Manager (Vice President)
– Kia) Chief Safety and Health Officer (CSO) (Vice President)
– KIA) Head of Management Support Division (Vice President)
– Kia) Labor Support Business Department Manager (Executive Director)
Lee Kyoo Bok, President of Hyundai Glovis
Born in 1968 (age 56)
Seoul National University, Bachelor of Economics
Career highlights
– Hyundai Glovis) CEO (Vice President)
– Hyundai Motor Company) Process Innovation Division Head (Executive Director)
– Hyundai Motor Company) Head of Americas and Europe Management Division (Executive Director/Managing Director)
– Hyundai Motor Company) France Sales Corporation Head (Managing Director)
Baek Cheol Seung, Vice President, Hyundai Transys
Born in 1968 (age 56)
Master’s degree in metallurgical engineering from Sungkyunkwan University
Bachelor’s degree in Metallurgical Engineering from Sungkyunkwan University
Career highlights
– Hyundai Transys) Business Promotion Manager (Vice President)
– Hyundai Transys) Head of Sales Division (Executive Director)
– Hyundai Motor Company) Czech subsidiary head (Managing Director)
– Hyundai Motor Company) Head of Purchasing Strategy Department (Managing Director)
Oh Joon Dong, Vice President of Hyundai Kefico
Born in 1967 (age 57)
PhD in Mechanical Design, Kaiserslautern University of Technology
Master’s degree in mechanical design from Seoul National University
Seoul National University, Bachelor of Mechanical Design
Career highlights
– Kia) Electric Chemical Engineering Center Director (Managing Director)
– Kia) Jeon Dong-hwa PT, Senior Development Manager (Managing Director)
– Kia) Kia Engine Energy Department Manager (Managing Director)
– Hyundai Motor Company) Powertrain vitality planning team leader (responsible manager)
Lee Han Woo, Vice President of Hyundai Engineering & Construction
Born in 1970 (age 54)
Seoul National University, Bachelor of Architectural Engineering
Career highlights
– Hyundai Engineering & Construction) Head of Housing Business Division (Executive Director)
– Hyundai Engineering & Construction) Strategic Planning Division Head (Managing Director)
– Hyundai Engineering & Construction) Head of Architectural Housing Support Department (Managing Director)
– Hyundai Engineering & Construction) Head of Architectural Planning Department (Managing Director)
Joo Woo Jeong, President of Hyundai Engineering
Born in 1964 (age 60)
Sogang University, Bachelor of Economics
Career highlights
– KIA) Head of Finance Division (Vice President/Executive Director)
– Hyundai Steel) Head of Business Management Department (Managing Director)
– Hyundai Steel) Cost Management Office Director (Managing Director)
– Hyundai Steel) Head of Financial Management Office (Managing Director)
Source: www.nextdaily.co.kr
