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Hyundai Motor Company Appoints José Muñoz as Chief Executive Officer

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Hyundai Motor Company (HMC) has appointed José Muñoz as President and CEO, effective January 1, 2025, succeeding Jaehoon Chang who becomes Vice Chair of Hyundai Motor Group's Automotive Division. Muñoz, who joined HMC in 2019 as Global COO, will lead the company's global business and oversee its 'Progress for Humanity' vision. Under his previous leadership, he drove record sales and market share growth in North America, managed a $12.6 billion investment in the Georgia Metaplant facility, and expanded his responsibilities to include Europe, India, Middle East, Africa, and Asia Pacific markets. Muñoz previously served at Nissan as Chief Performance Officer and Chairman of China and North America operations.

Hyundai Motor Company (HMC) ha nominato José Muñoz come Presidente e CEO, con effetto dal 1 gennaio 2025, succedendo a Jaehoon Chang, che diventerà Vice Presidente della Divisione Automotive di Hyundai Motor Group. Muñoz, entrato in HMC nel 2019 come COO Globale, guiderà le attività globali dell'azienda e supervisionerà la visione 'Progresso per l'umanità'. Sotto la sua precedente leadership, ha ottenuto vendite record e una crescita della quota di mercato in Nord America, gestito un nella struttura Metaplant della Georgia e ampliato le sue responsabilità per includere i mercati di Europa, India, Medio Oriente, Africa e Asia-Pacifico. Muñoz ha precedentemente lavorato in Nissan come Chief Performance Officer e Presidente delle operazioni in Cina e Nord America.

Hyundai Motor Company (HMC) ha nombrado a José Muñoz como Presidente y CEO, a partir del 1 de enero de 2025, sucediendo a Jaehoon Chang, quien se convertirá en Vicepresidente de la División Automotriz de Hyundai Motor Group. Muñoz, que se unió a HMC en 2019 como COO Global, liderará el negocio global de la compañía y supervisará su visión 'Progreso para la Humanidad'. Bajo su liderazgo anterior, impulsó ventas récord y crecimiento de participación de mercado en América del Norte, gestionó una inversión de 12.6 mil millones de dólares en la instalación Metaplant de Georgia y amplió sus responsabilidades para incluir los mercados de Europa, India, Medio Oriente, África y Asia-Pacífico. Muñoz anteriormente se desempeñó en Nissan como Director de Rendimiento y Presidente de las operaciones en China y América del Norte.

현대자동차(주)는 2025년 1월 1일부터 조세 무뇨즈를 사장 겸 CEO로 임명하고, 재훈 창은 현대자동차 그룹의 자동차 부문 수석 부회장으로 취임한다. 2019년 HMC에 글로벌 COO로 합류한 무뇨즈는 회사의 글로벌 비즈니스를 이끌고 '인류를 위한 발전' 비전을 감독할 것이다. 그의 이전 리더십 아래, 그는 북미에서 기록적인 판매와 시장 점유율 성장을 이끌었고, 조지아 메타플랜트 시설에 126억 달러의 투자를 관리했으며, 유럽, 인도, 중동, 아프리카 및 아시아 태평양 시장을 포함하는 책임을 확대했다. 무뇨즈는 과거에 닛산에서 Chief Performance Officer 및 중국과 북미 운영의 회장으로 일했다.

Hyundai Motor Company (HMC) a nommé José Muñoz au poste de Président et CEO, à compter du 1er janvier 2025, succédant à Jaehoon Chang, qui deviendra Vice-Président de la Division Automobile de Hyundai Motor Group. Muñoz, qui a rejoint HMC en 2019 en tant que COO Mondial, dirigera les activités mondiales de l'entreprise et supervisera sa vision 'Progrès pour l’humanité'. Sous sa direction précédente, il a réalisé des ventes record et une augmentation de la part de marché en Amérique du Nord, géré un investissement de 12,6 milliards de dollars dans l'usine Metaplant de Géorgie et élargi ses responsabilités pour inclure les marchés d'Europe, d'Inde, du Moyen-Orient, d'Afrique et d'Asie-Pacifique. Muñoz a précédemment occupé des postes chez Nissan, notamment celui de Directeur de la Performance et Président des opérations en Chine et en Amérique du Nord.

Hyundai Motor Company (HMC) hat José Muñoz mit Wirkung zum 1. Januar 2025 zum Präsidenten und CEO ernannt und folgt damit auf Jaehoon Chang, der Vizevorsitzender der Automobilsparte von Hyundai Motor Group wird. Muñoz, der 2019 als Global COO zu HMC kam, wird das globale Geschäft des Unternehmens leiten und die Vision 'Fortschritt für die Menschheit' überwachen. Unter seiner bisherigen Führung hat er Rekordverkäufe und ein Wachstum des Marktanteils in Nordamerika erzielt, eine Investition von 12,6 Milliarden Dollar in die Metaplant-Anlage in Georgia geleitet und seine Verantwortlichkeiten auf die Märkte Europa, Indien, Naher Osten, Afrika und Asien-Pazifik ausgeweitet. Zuvor war Muñoz bei Nissan als Chief Performance Officer und Vorsitzender der Geschäfte in China und Nordamerika tätig.

Positive
  • Record sales and market share growth achieved in North American market
  • $12.6 billion strategic investment in Georgia Metaplant and battery ventures
  • Proven track record of improving operational performance and profitability
  • Extensive global management experience across multiple automotive companies
  • Successfully expanded market presence across multiple regions
Negative
  • None.
  • Muñoz to lead Hyundai Motor Company's global business
  • Continues to serve on the Hyundai Motor Company Board of Directors

SEOUL, South Korea, Nov. 14, 2024 /PRNewswire/ -- Hyundai Motor Company (HMC) today announced the appointment of José Muñoz as the company's President and CEO, effective Jan. 1, 2025. Muñoz will lead Hyundai Motor Company's global business, succeeding current President and CEO Jaehoon Chang, who has been promoted to the Vice Chair of Hyundai Motor Group – Automotive Division.

Muñoz will oversee the execution of the company's customer-focused vision of 'Progress for Humanity', building on its leadership position in next-generation mobility, including electrification, diversified powertrain offerings and hydrogen technology. He will also focus on advancing the company's global management system to further strengthen Hyundai Motor's status as a global brand.

Muñoz joined Hyundai Motor Company in 2019 as President and Global Chief Operating Officer and President and CEO of Hyundai and Genesis Motor North America. In 2022, Muñoz was announced to the Hyundai Motor Company Board of Directors with expanded responsibilities to include Europe, India, Middle East and Africa, and Asia Pacific. He also led global sales, service and product planning as part of the Global Operations Division.

In addition, Muñoz drove a profitability-focused sales structure through optimized volume and profit management. This resulted in record sales, market share growth and financial performance for both the Hyundai and Genesis brands in the North American market, contributing to the Group's achievement of ranking in the top three of global automotive companies by sales.

He has enhanced operational performance, strengthened dealership networks and improved the company's competitiveness by attracting and retaining top leadership talent. Under his leadership, $12.6 billion is being invested to build the new Hyundai Motor Group Metaplant America production facility and two battery joint ventures in Georgia.

"José is a proven leader with vast global experience and is ideally suited to lead Hyundai as competitiveness and business uncertainty increases," said Jaehoon Chang. "As recently outlined at our CEO Investor Day, we have a clear Hyundai Way vision to create a future centered on mobility and energy. Together with José and the rest of our leadership team, the future is very bright for Hyundai."

"It's an honor to serve Hyundai, our employees, customers, dealers and other stakeholders in this new role. Thank you to our Executive Chair Euisun Chung and Vice Chair Jaehoon Chang for your trust," added Muñoz. "Succeeding in this challenging industry requires excellence throughout the value chain, from design and engineering, to manufacturing, sales and service, along with a talented team that's able to deliver every step of the way. I'm excited and motivated by the challenge ahead and want to continue Hyundai's growth trajectory and laser-focus on exceeding customer expectations. It truly is a great time to be with Hyundai."

Prior to joining Hyundai, Muñoz was the Chief Performance Officer for Nissan Motor Corporation and the Chairman of Nissan China and North America. During his 15-year tenure, he achieved significant profit growth and record sales. He also held multiple management positions at Toyota Motor Europe.

Muñoz, 59, a native of Spain and a U.S. citizen, earned his Ph.D. in nuclear engineering from Polytechnic University of Madrid and earned an Executive MBA from IE Business School in Madrid. He has also completed executive management programs from Cranfield School of Management in the U.K. and INSEAD Business School in France. He is fluent in English, Spanish and French.

About Hyundai Motor Company
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision 'Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. In pursuit of a sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles with industry-leading hydrogen fuel cell and EV technologies.

More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai 

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SOURCE Hyundai Motor Company

FAQ

When will José Muñoz become CEO of Hyundai Motor Company (HYMTF)?

José Muñoz will become President and CEO of Hyundai Motor Company effective January 1, 2025.

What is the value of Hyundai's (HYMTF) investment in Georgia facilities?

Hyundai is investing $12.6 billion in the new Hyundai Motor Group Metaplant America production facility and two battery joint ventures in Georgia.

What was José Muñoz's previous role at Hyundai (HYMTF)?

Muñoz served as President and Global Chief Operating Officer, and President and CEO of Hyundai and Genesis Motor North America since 2019.

Who is José Muñoz replacing as CEO of Hyundai (HYMTF)?

Muñoz is replacing Jaehoon Chang, who has been promoted to Vice Chair of Hyundai Motor Group – Automotive Division.

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