Hyundai Appoints Jose Munoz as First Non-Korean CEO

Munoz's leadership aims to enhance Hyundai's global stature and navigate business uncertainties.

Jose Munoz will assume the role of Hyundai's CEO starting January 1, 2025, following his success in leading North American operations.
Munoz's appointment marks a significant shift in Hyundai's leadership, being the first foreign national to hold the CEO position.
Current CEO Jaehoon Chang will transition to Vice Chair of the Automotive Division, overseeing Hyundai's strategic growth.
Munoz has been pivotal in Hyundai's electrification efforts and sales growth, contributing to a 16% increase in North American sales since 2019.
The leadership change coincides with potential policy shifts in the U.S., including the possible elimination of electric vehicle tax credits under President-elect Donald Trump.