Hyundai US CEO fired
Posted on 21 December, 2016
With the increasing pressure to perform in a changing economy, Hyundai Motor America has fired the CEO Dave Zuchowski for failing to meet internal sales objectives. According to Automotive News, 59-year-old executive vice president, Jerry Flannery will take over as CEO until a successor is chosen. “We appreciate Dave’s decade of service to Hyundai, especially his leadership as president and CEO, which has made us a stronger organization,” Flannery said in a statement. Zuchowski, joined the company as U.S. sales chief in 2007, however following the recession, the company struggled due to a variety of factors including falling petrol prices.
