Starting on January 1, 2025, the Hyundai Motor Firm can have a brand new CEO. Jose Munoz was appointed as the brand new head of the Korean automaker, succeeding present President and CEO Jaehoon Chang. Chang will probably be promoted to the Vice Chair of Hyundai Motor Group’s automotive division.
Munoz is a Spanish businessman who beforehand served because the CEO of Hyundai and Genesis Motor North America. Previous to that, he was the Chief Efficiency Officer for Nissan Motor Company and the Chairman of Nissan China and North America for over 15 years.
Photograph by: Hyundai
Munoz joined Hyundai in 2019 and helped develop the portfolio with merchandise just like the Ioniq 5, and targeted on increasing the model’s footprint nationwide. Beneath his management, Hyundai invested $12.6 billion towards a brand new “Metaplant” and two new joint battery ventures in Georgia.
“Jose is a confirmed chief with huge international expertise and is ideally suited to guide Hyundai as competitiveness and enterprise uncertainty will increase. As not too long ago outlined at our CEO Investor Day, we have now a transparent Hyundai Manner imaginative and prescient to create a future centered on mobility and vitality. Along with José and the remainder of our management workforce, the longer term may be very brilliant for Hyundai.”
– Jaehoon Chang, Vice Chair of Hyundai Motor Group – Automotive Division
Munoz will wrap up his tenure as CEO of Hyundai and Genesis Motor North America with the debut of the brand new Ioniq 9 electrical SUV on the 2024 Los Angeles Auto Present. Just like the smaller Ioniq 5, the Ioniq 9 was developed underneath Munoz as a part of his plan to develop the automaker’s electrical portfolio.
