According to the report of Motor1, Hyundai Motor, a Korean car manufacturer, announced that Jose Munezthe senior manager of Hyundai and Genesis in North America, has been appointed as the new CEO of this company. The management change will take effect from the beginning of January 2025, making Moons the first non-Korean CEO in Hyundai’s history.
Moons has joined Hyundai since 2019 and during this time he has been able to record unprecedented sales and profitability records for Koreans. Through his strong leadership, he increased the market share of Hyundai and Genesis in North America and improved the company’s performance in line with Hyundai’s profit-driven sales strategies.
One of the main goals of Moons in his new role is to strengthen Hyundai’s position in the field of next generation powertrains. He will focus on the development of electric and hydrogen technologies and pursue Hyundai’s customer-centric vision of “Progress for Humanity.”
Hyundai
By focusing on expanding Hyundai’s electric portfolio, especially with the introduction of new models such as the Ioniq 9, Moons has shown that it is fully prepared for an electric future. The Ioniq 9 will be unveiled at the 2024 Los Angeles Auto Show. The mentioned car will probably be called one of the important products of Hyundai in the coming years.
Hyundai is stepping up its expansion plans by investing $12.6 billion in new infrastructure and joint ventures in the US. These investments show Hyundai’s commitment to the evolution of the automobile industry and responding to the growing demands of the electric vehicle market.
Given Munz’s illustrious track record at Nissan and Toyota, he is expected to lead Hyundai through global challenges such as economic uncertainty and rising costs. He strongly emphasizes the issue of attracting the best global talents to strengthen the management team of Hyundai.
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Ji Hoon Chang The former CEO of Hyundai and the new head of the automobile department of Hyundai Motor Group says about the choice of Munez as the CEO of Hyundai: “José is a proven leader with extensive global experience and is the best possible choice to lead Hyundai in competitive and uncertain business conditions.”
Recent changes in Hyundai’s leadership reflect the company’s efforts to strengthen its global position and respond to new problems in the automotive market. According to many car experts, Moones can create a bright future for Hyundai due to his experience and innovative views.
