In a decision that marks a milestone in its history, Hyundai Motor Co. has appointed Jose Muñoz as its new global president and CEOa position he will assume as of January 1.
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This move not only highlights the company’s confidence in the leadership of Munozbut also underlines the global approach of the South Korean automaker. Munozof Spanish origin and American nationality, will become the first non-Korean CEO in Hyundai’s history.
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The announcement comes at a crucial time for the company, which seeks to consolidate its position as a leader in mobility and energy.
During the last years, Hyundai has taken significant steps towards electrificationhydrogen solutions and advanced technology, and the incorporation of Muñoz as a global leader reflects a clear commitment to innovation and international experience.
“It is an honor to take on this new challenge in an industry that requires excellence and agility in every aspect. “I am determined to maintain Hyundai’s growth and exceed our customers’ expectations,” commented Muñoz after his appointment.
An outstanding career
Muñoz has played a key role in Hyundai’s success in North America since entering 2019after a successful career of 15 years at Nissan. Under his leadership, sales in the region have increased by 16%reaching the 801,200 vehicles sold in 2023.
Additionally, U.S. operations have flourished thanks to strategic investments including an advanced manufacturing facility and key partnerships for electric battery development.
Its ability to transform strategies into tangible results has positioned Hyundai as a leading competitor, earning recognition for its products and strengthening its presence in key markets.
This focus on excellence has been essential in cementing Hyundai’s reputation as an innovative and reliable brand.
Global challenges and opportunities
In his new role, Muñoz will face significant challenges, including increasing competition in the electric vehicle sector and global economic fluctuations. However, his experience and strategic vision make him the ideal candidate to lead Hyundai into a new era.
“José Muñoz is a proven leader with a global vision that fits perfectly with our innovation and sustainability goals”said Jaehoon Chang, who is leaving the position to take on a more strategic role as vice president of Hyundai’s automotive division.
A promising future for Hyundai
Under Muñoz’s leadership, Hyundai has ambitious plans to continue its transformation. From the development of sustainable mobility solutions to the implementation of advanced technology, the automaker is determined to redefine the future of the industry.
With its focus on innovation and its ability to overcome challenges, Muñoz seems to be the key piece to take Hyundai to the next level.
Although the company has not yet announced who will assume leadership in North America, José Muñoz’s global leadership promises to keep Hyundai a leader in a constantly evolving automotive market.