Hyundai Motor Group Executive Appointments... Keywords: "40s · Future Mobility"

"Preparing Future Projects and Performance-Based Rewards"
176 Newly Appointed... Over 60 in Their 40s
Kim Heungsu Vice President Appointed as Chief Strategy Officer

[Asia Economy Reporter Hyunseok Yoo] Hyundai Motor Group continued its focus on preparing for future businesses and performance-based compensation in its executive appointments for the second half of this year. Several young talents in their 40s were also selected. Kim Heungsoo, Vice President, was appointed as the Group Chief Strategy Officer (GSO), overseeing the preparation of future mobility businesses across each affiliate.

In the executive appointments announced by the company on the 20th, a total of 224 promotions were recorded. This appointment is a regular executive appointment below the vice president level, following the CEO and president appointments made at the end of last month for proactive management planning.

There were 176 new appointments, with about 60 of them in their 40s, accounting for one in three. Considering that last year saw over 200 new executives promoted, marking the largest scale in history, the number has decreased. This is interpreted as due to increased uncertainty in the internal and external environment recently. However, the number of retiring executives this year decreased compared to previous years, resulting in a slight increase in the total number of executives across the group.

In preparation for future mobility businesses, 156 promotions were made in the automotive sector related to the transition to electrification and Software Defined Vehicle (SDV) centered on software. This accounts for 70% of all promotions. Hyundai Rotem saw nine new executives appointed, the highest number, thanks to remarkable achievements such as defense contracts in Poland.

Karim Habib, Vice President of Kia. Photo by Hyundai Motor Group

Those who achieved results in design, branding, and overseas business were also promoted. Karim Habib, Executive Director of Kia Design Center; Lee Youngtaek, Executive Director of Hyundai Motor Asia-Pacific Division; and Song Mingyu, Executive Director and Chief Operating Officer (COO) of Genesis, were promoted to vice presidents. Vice President Lee Youngtaek was appointed head of Hyundai Motor ASEAN Division, and Vice President Song Mingyu was appointed head of Genesis Business Division.

Lee Young-taek, Vice President of Hyundai Motor Company. Photo by Hyundai Motor Group

To secure future technologies, promotions were also made among R&D personnel in their 40s. Hyunggi Ahn was promoted from Managing Director to Executive Director as head of Hyundai Motor Electronics Development Center; Jihan Yoo was promoted to Executive Director as head of Autonomous Driving Business Division; and Changhwan Kim was promoted to Executive Director as head of Hydrogen Fuel Cell Development Center. Additionally, Youngwoo Park was newly appointed as Managing Director of Infotainment Development Office, and Jaegap Jeon was newly appointed as Managing Director of Compact Segment General 2PM.

Song Min-kyu, Vice President of Hyundai Motor Company. Photo by Hyundai Motor Group

There are seven newly appointed female executives. They are Hyojung Kim, Managing Director and head of Hyundai Motor Vehicle Control Software Quality Office; Seunga Je, Managing Director and head of Hyundai Design Innovation Office; Hyerim Jang, Managing Director and head of R&D Human Resources Office; Jihae Lim, Managing Director and head of Competency Innovation Center; Seonjin Cha, Managing Director and head of Global PR Team; Jimin Kim, Managing Director and head of Kia Domestic Business Strategy Office; and Gyehyeon An, Managing Director and head of Hyundai Construction Smart Construction Research Office.

To accelerate the transition to a future mobility group, the newly established GSO was appointed to Vice President Kim Heungsoo. The GSO is responsible for ▲ sensing and analyzing new technologies ▲ mobility strategy ▲ semiconductor strategy ▲ electric vehicle (EV) strategy ▲ smart city promotion. Vice President Kim has concurrently served as head of Future Growth Planning Office and EV Business Division, driving the concretization of future businesses and advancement of product strategies.

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