Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1

DETROIT – Hyundai Motor Co. connected Thursday named Jose Munoz arsenic the adjacent president and CEO of the South Korean automaker, effectual Jan. 1.

Munoz, an car manufacture seasoned who roseate done the company's North American ranks, volition win existent President and CEO Jaehoon Chang, who is being promoted to the vice seat of Hyundai Motor – Automotive Division.

"Jose is simply a proven person with immense planetary acquisition and is ideally suited to pb Hyundai arsenic competitiveness and concern uncertainty increases," Chang said successful a statement. "As precocious outlined astatine our CEO Investor Day, we person a wide Hyundai Way imaginativeness to make a aboriginal centered connected mobility and energy. Together with Jose and the remainder of our enactment team, the aboriginal is precise agleam for Hyundai."

Munoz, a autochthonal of Spain and a U.S. citizen, volition beryllium the archetypal non-Korean CEO of Hyundai.

Munoz presently serves arsenic global main operating serviceman of Hyundai arsenic good arsenic president and CEO of the North American operations of Hyundai and its luxury Genesis brand. He joined Hyundai successful 2019 from Nissan Motor aft 15 years with the Japanese automaker. He has been a subordinate of the company's committee of directors since 2022.

Under Munoz, Hyundai's North American operations person flourished. Hyundai's income person grown 16% since 2019 to astir 801,200 vehicles past year. Hyundai's products besides person won respective salient awards and manufacture accolades.

It's besides grown its U.S. operations, including Hyundai and partners committing $12.6 cardinal to physique a caller "Hyundai Motor Group Metaplant America" accumulation installation and 2 artillery associated ventures successful Georgia.

"Succeeding successful this challenging manufacture requires excellence passim the worth chain, from plan and engineering, to manufacturing, income and service, on with a talented squad that's capable to present each measurement of the way," Munoz said. "I'm excited and motivated by the situation up and privation to proceed Hyundai's maturation trajectory and laser-focus connected exceeding lawsuit expectations. It genuinely is simply a large clip to beryllium with Hyundai."

The institution did not sanction a successor for Munoz.