Hyundai Motor Company will have a new CEO from January 1, 2025. Jose Munoz was appointed as the new head of the Korean automaker, succeeding current president and CEO Jaehoon Chang. Chang is promoted to vice chairman of Hyundai Motor Group’s automotive division.
Munoz is a Spanish businessman who previously served as CEO of Hyundai and Genesis Motor North America. Previously, he served as Chief Performance Officer of Nissan Motor Corporation and Chairman of Nissan China and North America for more than 15 years.
Photo by: Hyundai
Munoz joined Hyundai in 2019 and helped grow the portfolio with products like the Ioniq 5, and focused on expanding the brand’s footprint nationwide. Under his leadership, Hyundai invested $12.6 billion in a new ‘Metaplant’ and two new battery joint ventures in Georgia.
“Jose is a proven leader with extensive global experience and is ideally suited to lead Hyundai as competitiveness and business uncertainty increase. As recently outlined at our CEO Investor Day, we have a clear Hyundai Way vision to create a future where mobility and energy are at the heart. Together with José and the rest of our leadership team, the future looks very bright for Hyundai.”
– Jaehoon Chang, Vice Chairman of Hyundai Motor Group – Automotive Division
Munoz will conclude his tenure as CEO of Hyundai and Genesis Motor North America with the debut of the new Ioniq 9 electric SUV at the 2024 Los Angeles Auto Show. Like the smaller Ioniq 5, the Ioniq 9 was developed under Munoz as part of his plan to expand the automaker’s electric portfolio.