Jose Munoz joined Hyundai in 2019 as Global Chief Operating Officer with North and South American operational responsibility.
Hyundai Motor on Friday appointed Jose Munoz, America's current chief executive officer and global chief operating officer, as its CEO. With this, Munoz has become the first foreigner to lead a South Korean automaker.
Munoz, 59, joined Hyundai in 2019 as global chief operating officer with North and South American operational responsibility. Prior to this, he worked at Nissan Motor Company for 15 years, which also included his tenure as Chairman of the China Unit.
The company issued a statement on Friday saying, Spain-born Munoz will replace Jehoon Chang. Jehoon Chang has been promoted to Vice Chairman of the Automotive Division by the company. This change will be effective from January 1, 2025.
Company facing recession in switching to electric cars
Munoz will be tasked with leading Hyundai through a major transformation of the global auto industry, which is struggling with the slowdown in the switch to electric cars. With this, Sung Kim has been named chairman of Hyundai Motor.
Graphics Source: VaskarAssets
