Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1
Michael Wayland | CNBC
DETROIT – Hyundai Motor Co. on Thursday named Jose Munoz because the next president and CEO of the South Korean automaker, efficient Jan. 1.
Munoz, an auto change used who rose by means of the corporate’s North American ranks, will succeed fresh President and CEO Jaehoon Chang, who is being promoted to the vice chair of Hyundai Motor – Car Division.
“Jose is a proven leader with gigantic global ride and is ideally suited to e-book Hyundai as competitiveness and change uncertainty will increase,” Chang stated in a press release. “As no longer too long ago outlined at our CEO Investor Day, now we be pleased a obvious Hyundai Come vision to manufacture a future centered on mobility and energy. On the side of Jose and the remainder of our leadership team, the future is terribly intellectual for Hyundai.”
Munoz, a native of Spain and a U.S. citizen, would be the first non-Korean CEO of Hyundai.
Munoz presently serves as global chief working officer of Hyundai as successfully as president and CEO of the North American operations of Hyundai and its luxurious Genesis keep. He joined Hyundai in 2019 from Nissan Motor after 15 years with the Eastern automaker. He has been a member of the corporate’s board of administrators since 2022.
Below Munoz, Hyundai’s North American operations be pleased flourished. Hyundai’s gross sales be pleased grown 16% since 2019 to roughly 801,200 autos final year. Hyundai’s products additionally be pleased won a whole lot of well-known awards and change accolades.
Or no longer it is additionally grown its U.S. operations, including Hyundai and partners committing $12.6 billion to plot a brand new “Hyundai Motor Community Metaplant America” manufacturing facility and two battery joint ventures in Georgia.
“Succeeding on this unparalleled change requires excellence for the length of the value chain, from bear and engineering, to manufacturing, gross sales and restore, alongside with a proficient team that’s ready to instruct every step of the vogue,” Munoz stated. “I’m angry and motivated by the topic forward and are attempting to continue Hyundai’s development trajectory and laser-focal point on exceeding customer expectations. It really is a critical time to be with Hyundai.”
The corporate did not determine a successor for Munoz.