Hyundai Motor Company (HMC) announced today that José Muñoz will take the helm as the company’s President and CEO starting January 1, 2025. Muñoz will succeed current President and CEO Jaehoon Chang, who has been promoted to the role of Vice Chair of Hyundai Motor Group. This leadership change positions Hyundai to strengthen its global presence and advance its vision for future mobility.
A Leader with Proven Expertise
Muñoz joined Hyundai Motor Company in 2019 as President and Global Chief Operating Officer, as well as CEO of Hyundai and Genesis Motor North America. In 2022, he was appointed to Hyundai’s Board of Directors and took on expanded responsibilities across Europe, India, Middle East, Africa, and Asia Pacific. Under his leadership, Hyundai experienced significant achievements, including:
- Record-breaking sales and market share growth in North America.
- Establishing a profitability-focused sales structure.
- Driving operational improvements and dealership network expansion.
Muñoz also spearheaded Hyundai’s commitment to U.S. manufacturing with a $12.6 billion investment in Georgia, including the Hyundai Motor Group Metaplant America production facility and two battery joint ventures.
A Vision for the Future: ‘Progress for Humanity’
In his new role, Muñoz will champion Hyundai’s vision of ‘Progress for Humanity’, focusing on the company’s leadership in next-generation mobility solutions, including:
- Electrification technologies
- Diversified powertrain offerings
- Hydrogen innovation
He will also oversee the refinement of Hyundai’s global management system to enhance the company’s standing as a premier global automotive brand.
Commenting on Muñoz’s appointment, outgoing President and CEO Jaehoon Chang remarked: “José is a proven leader with vast global experience and is ideally suited to lead Hyundai as competitiveness and business uncertainty increases. Together with José and the rest of our leadership team, the future is very bright for Hyundai.”
A Distinguished Career
Before joining Hyundai, Muñoz served as the Chief Performance Officer for Nissan Motor Corporation and the Chairman of Nissan China and North America. During his 15-year tenure at Nissan, he drove substantial profit growth and set sales records. His earlier career included management roles at Toyota Motor Europe, further solidifying his extensive automotive industry expertise.
Personal Background and Leadership Philosophy
A native of Spain and a U.S. citizen, Muñoz holds a Ph.D. in nuclear engineering from the Polytechnic University of Madrid and an Executive MBA from IE Business School. He has completed advanced executive programs at the Cranfield School of Management and INSEAD Business School. Fluent in English, Spanish, and French, Muñoz’s global perspective and commitment to innovation align seamlessly with Hyundai’s ambitions.
In his statement, Muñoz expressed enthusiasm for his new role:
“Succeeding in this challenging industry requires excellence throughout the value chain, from design and engineering to manufacturing, sales, and service. I’m excited and motivated by the challenge ahead and want to continue Hyundai’s growth trajectory while exceeding customer expectations.”
Hyundai: Positioned for a Bright Future
As Hyundai Motor Company enters this new chapter under José Muñoz’s leadership, it reinforces its dedication to mobility innovation, sustainability, and customer satisfaction. The combination of strategic investments, visionary leadership, and an unwavering focus on progress ensures a promising future for the company and its stakeholders.
