Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the South Korean automaker, effective Jan. 1.

Hyundai Motor Group plans to appoint Jose Munoz as chief executive officer, making him the first foreigner to lead the automaker as it seeks to grow outside its home country, the Korea Economic Daily reported.

Hyundai Motor Co. appointed Jose Muñoz as global president and CEO, recognizing his leadership in record sales and EV advancements.

Hyundai Motor appointed Jose Munoz as its new president and chief executive, making him the first non-Korean leader of the auto giant.

Muñoz appointment is expected to strengthen Hyundai’s global strategy following the re-election of former US President Donald Trump.

Hyundai Motor Co has appointed Jose Munoz, 59, as CEO, making him the first foreigner to lead the South Korean automaker. Effective January 1, 2025, Munoz will succeed Jaehoon Chang, now Vice-Chairman.

Hyundai Motor appointed Jose Munoz as its new president and chief executive, making him the first non-Korean leader of the auto giant.

Hyundai Motor has appointed José Muñoz, head of U.S. operations and global chief operating officer, as its first foreign CEO, marking the first time a major South Korean company has appointed a foreign CEO.

Hyundai Motor Company has appointed its first foreign chief executive officer (CEO) in an attempt to expand the company outside of South Korea and solidify its leadership in areas such as electrification.