- Appointments to take care of Group efficiency momentum and solidify basis for future progress
- Elevated promotion of senior executives to broaden future management pool, with 53 government promotions specializing in key capabilities
- Realization of inside expertise growth strategy to drive management tradition, with government appointments driving new expertise inside the Group
Hyundai Motor Group (the Group) at present introduced key government appointments for the 12 months 2024. By its newest appointments, the Group goals to strengthen its foundations for future progress and higher put together for uncertainties within the world enterprise setting.
A complete of 239 executives from the Group’s associates are included within the announcement, together with 73 executives from Hyundai Motor Firm, 43 executives from Kia Company, and 20 from Hyundai Mobis Co.
The Group has continued its performance-based strategy to appointments to mirror the efforts of key people and capitalize on enterprise momentum constructed all through 2024.
Key Government Appointments
Following the appointment of Jose Muñoz as the corporate’s first non-Korean CEO in November, Hyundai Motor Firm has promoted a number of executives who had been instrumental within the record-breaking efficiency of the Group’s associates.
Seung Jo Lee is promoted to Government Vice President, recognizing his distinctive contributions as Chief Finance Officer (CFO) and Chief Technique Officer (CSO) of Hyundai Motor Firm, together with exceeding monetary objectives and establishing the corporate’s Hyundai Method 2030 technique.
Zayong Koo, Head of Investor Relations of Hyundai Motor Firm, is promoted to Government Vice President, reflecting his essential function in upgrading scores from main world credit score scores businesses, corresponding to A- by Fitch, A3 by Moody’s, and A- by S&P International, and efficiently main the Preliminary Public Providing of Hyundai Motor India Restricted this 12 months.
At Kia Company, Seung Jun Kim is promoted to Senior Vice President and appointed as CFO of Kia. Kim’s promotion acknowledges his precious contributions to Kia’s monetary well being within the Finance & Accounting Division and the U.S. gross sales division. He succeeds Woo Jeong Joo, who has been appointed CEO of Hyundai Engineering Co., Ltd. following his profitable tenure as Kia’s CFO.
Tae Hun Lee is promoted to Government Vice President of International Operations Division, having demonstrated distinctive management in responding to market dynamics and contributing to the corporate’s file efficiency in 2024.
At Hyundai Rotem Co. Jeong Yeob Lee is promoted to Government Vice President and turns into Head of the Protection Options division, recognizing his management in securing large-scale abroad orders.
By selling people who’ve delivered distinctive outcomes, Hyundai Motor Group goals to maintain its present momentum, strengthen its long-term enterprise competitiveness, and drive future progress.
Growing the promotion of senior executives to speed up change and innovation
Jaehoon Chang, the present Hyundai Motor Firm President and CEO who will change into Vice Chair of Hyundai Motor Group as of January 2025, will assume the Group’s Head of Company Planning Workplace Hyundai Motor Group function and double as main the Group’s Automotive Division. Chang will maximize the Group’s efficiency by optimizing companies and methods. He will even oversee the cultivation and funding in future companies, serving as a focus for change and innovation.
A complete of 53 executives have been promoted to Government Vice President and Senior Vice President collectively to solidify foundations for the Group’s sustainable progress.
The Group has strengthened its efforts to nominate key expertise that may drive the event of revolutionary applied sciences to speed up world electrification.
Chang Hwan Kim, Head of the Group’s Electrification Power Options Tech. Unit, is promoted to Government Vice President, main the event of applied sciences throughout the complete power spectrum, together with batteries and hydrogen.
Dong Hee Han, Head of Electrified Propulsion Take a look at Middle, can also be promoted to Government Vice President, overseeing the event of core applied sciences for powertrains, encompassing each inside combustion engines and electrified propulsion system.
Driving Management Tradition Change
Since saying its 2025 enterprise technique, the Group has taken a various strategy to government appointment, with a major proportion of candidates elevated to those positions to advance the Group’s expertise trajectory.
When it comes to R&D, the Group has chosen excellent expertise in car growth areas together with primary efficiency and digital management, and future core know-how areas corresponding to robotics, electrification, and hydrogen.
A outstanding 64 p.c of latest government appointees in R&D areas are of their forties. These embrace Sihyun Joo, Head of Robotics Intelligence Software program Staff, Mu Shin Kwak, Head of eP Challenge Group, and Kookil Han, Head of Hydrogen and Gas Cell Engineering Design Group 2, who’ve all been promoted to the place of Vice President.
To additional variety and inclusion and drive innovation, the Group has promoted 11 feminine executives this 12 months, with feminine executives appointed in roles regarding buyer worth innovation, together with branding, IT, new companies and technique.
Sujin Ryu, Head of Model Division at Hyundai Card, is promoted to Senior Vice President for her vital contributions to enhancing the Hyundai Card model worth by means of her distinctive model understanding and world capabilities.
The Group’s newest appointments, efficient as of January 2025, aimed toward enhancing organizational agility and management as the worldwide enterprise setting will get ever extra unpredictable.
The Group will even maintain its dedication to recruiting and nurturing distinctive people able to shaping future enterprise transformation.
