New CEO for Hyundai

Hyundai Motor Company has announced the appointment of Jose Munoz as its new president and chief executive officer, effective from January 1, 2025.

He will succeed Jaehoon Chang, who has been promoted to vice-chair of Hyundai Motor Group – automotive division, in leading the global business.

Part of his role well be overseeing the execution of the company’s customer-focused vision of “Progress for Humanity”, building on next-generation mobility, including electrification, diversified powertrain offerings and hydrogen technology. 

Munoz, pictured, joined the carmaker in 2019 as global chief operating officer and chief executive officer of Hyundai and Genesis Motor North America. 

In 2022, he was appointed to Hyundai’s board of directors with expanded responsibilities to include Europe, India, the Middle East and Africa, and Asia Pacific. He also led global sales, service and product planning as part of the global operations division.

The company says in a statement announcing his latest role that Munoz has “enhanced operational performance, strengthened dealership networks and improved the company’s competitiveness by attracting and retaining top leadership talent”. 

Chang adds: “Jose is a proven leader with vast global experience and is ideally suited to lead Hyundai as competitiveness and business uncertainty increases.”

Munoz, 59, has previously held multiple management positions at Toyota Motor Europe and worked as the chief performance officer for Nissan Motor Corporation and the chairman of Nissan China and North America. 

“Succeeding in this challenging industry requires excellence throughout the value chain, from design and engineering, to manufacturing, sales and service, along with a talented team that’s able to deliver every step of the way,” he says. 

“I’m excited and motivated by the challenge ahead and want to continue Hyundai’s growth trajectory and laser-focus on exceeding customer expectations.”