Hyundai Motor Group Replaces All Presidents of Car, Mobis, Construction, and Wia Divisions (Update)

[Asia Economy Reporter Kim Hyewon] Hyundai Motor Group conducted its executive personnel reshuffle for the second half of 2020 on the 15th, promoting and replacing key affiliate CEOs including Jang Jae-hoon, President of Hyundai Motor Company; Cho Sung-hwan, President of Hyundai Mobis; Yoon Young-joon, President of Hyundai Construction; and Jung Jae-wook, President of Hyundai Wia.

This personnel reshuffle focuses on strengthening the group’s future business and new technology capabilities by appointing leaders who combine expertise and leadership, while accelerating innovation in a creative and open organizational culture. To this end, leaders with proven business performance and capabilities were strategically placed as new CEOs of major group companies, reinforcing the responsibility management system of each group company.

Additionally, promotions were made for leaders and new executives with outstanding achievements and expertise in fields such as Urban Air Mobility (UAM), autonomous driving, hydrogen fuel cells, and robotics, who will lead the paradigm shift in the future automotive industry.

Among the newly promoted executives, about 30% were selected from future new business, new technology, and research and development (R&D) sectors. The personnel appointments focused on performance and capability, including the promotion of outstanding talents in their early to mid-40s recognized for high performance and potential, as well as the appointment of five new female executives.

Jang Jae-hoon, President of Hyundai Motor Company

◆CEO Changes in Four Companies, Strengthening Group Responsibility Management System= The presidents of Hyundai Motor Company, Hyundai Mobis, Hyundai Construction, and Hyundai Wia were all replaced.

Hyundai Motor Company promoted Executive Vice President Jang Jae-hoon to President and appointed him as CEO. President Jang achieved remarkable results overseeing the Domestic Business Division and Genesis Business Division, and led organizational culture innovation as head of the Management Support Division. He is regarded as the right person to drive continuous company-wide change and innovation.

Hyundai Motor Company President Lee Won-hee will focus on supporting the securing of competitiveness in future automotive business by optimizing global operations, innovating the value chain including electrification and smart factories, and strengthening synergy in technology development. With this, Hyundai Motor Company will operate under a three-CEO system including Hyundai Motor Group Chairman Chung Eui-sun, and Presidents Lee Won-hee and Jang Jae-hoon.

Cho Sung-hwan, Executive Vice President in charge of Hyundai Mobis R&D and Electronics BU, was promoted to President and appointed as CEO. Based on his experience and expertise as Vice President of Hyundai Kia Motors R&D Headquarters and CEO of Hyundai Autron, President Cho is expected to strengthen Hyundai Mobis’s future new technologies, new businesses, and competitiveness.

Yoon Young-joon, Executive Vice President and Head of Hyundai Construction’s Housing Business Division, was promoted to President and appointed as CEO. President Yoon created notable achievements in upgrading the housing business brand and securing major large-scale orders, and will lead efforts to secure core competitiveness and promote organizational culture innovation.

Jung Jae-wook, Executive Vice President and Head of Purchasing at Hyundai Motor Company, was promoted and appointed as the new President of Hyundai Wia. President Jung is a parts development expert with over 30 years of experience in Hyundai Motor Company, Kia Motors, and Hyundai Mobis, and will drive the restructuring of Hyundai Wia’s business portfolio and enhancement of competitiveness, including core electrification components.

◆Appointment of Future Leaders in UAM, Autonomous Driving, Hydrogen Fuel Cells, Robotics, etc.= Shin Jae-won, Executive Vice President overseeing the UAM business, was promoted to President.

Newly appointed President Shin Jae-won, an aerospace expert formerly with NASA, is expected to play a pivotal role in accelerating UAM development and business, as well as concretizing the group’s future mobility vision.

Lee Kyu-oh, Executive Director in charge of Hyundai Kia Motors Product Integrated Development, was promoted to Executive Vice President. Vice President Lee led the development of the dedicated electric vehicle platform E-GMP and will focus on securing technological leadership in the future electric vehicle market.

Kim Se-hoon, Executive Director of the Fuel Cell Business Division, was promoted to Executive Vice President. Vice President Kim possesses top-level expertise in the fuel cell field domestically and will be responsible for enhancing the leading competitiveness of future electrification business.

Hyun Dong-jin, Head of the Robotics Lab leading Hyundai Motor Company’s robot development, was newly appointed as an executive. New executives in future new business, new technology, and R&D sectors account for about 30% of the newly promoted executives in this second half personnel reshuffle.

Executives in their early to mid-40s recognized for high performance and potential were also appointed.

Shin Sung-woo, Senior Manager and Head of Hyundai Kia Motors CVC Team; Yoon Gu-won, Senior Manager and Head of Hyundai Motor Company Management Analysis Team; Kim Taek-gyun, Senior Researcher and Head of Kia Motors Exterior Design Office; Lee Sang-bong, Senior Manager and Head of Hyundai Capital Data Science Office; and Lee Hyung-min, Senior Manager in charge of Domestic Legal Affairs at Hyundai Construction were promoted to Managing Directors.

Five female executives were newly appointed as well.

Kim Joo-mi, Senior Manager and Head of Hyundai Motor Company Brand Communication Team 1; Heo Hyun-sook, Senior Manager and Head of Kia Motors North America Regional Management Support Team; Park Min-sook, Senior Manager and Head of Hyundai Commercial CDF Office; Choi Moon-jung, Senior Manager and Head of Hyundai Construction Plant Sales Planning Team; and Park In-joo, Senior Manager and Site Manager of Hyundai Construction Ilwon Daewoo Reconstruction Project were promoted to Managing Directors.

A Hyundai Motor Group official said, "This personnel reshuffle focuses on agile response to rapidly changing internal and external management environments and securing capabilities to accelerate the future business vision. In particular, we will strive to provide mobility solutions optimized for future customers’ lives and strengthen leadership in core growth areas such as autonomous driving, electrification, hydrogen fuel cells, as well as robotics, UAM, and smart cities."

Hyundai Steel Vice Chairman Kim Yong-hwan, Hyundai Construction Vice Chairman Jung Jin-haeng, Hyundai Wia President Kim Kyung-bae, Hyundai Construction President Park Dong-wook, and Hyundai Motor Company President Seo Bo-shin were appointed as advisors.

This content was produced with the assistance of AI translation services.