José Muñoz, Hyundai Motor’s U.S. chief and global COO, became the first foreign national co-CEO at a South Korean conglomerate on Friday. The announcement comes with a host of other switch-ups in Hyundai’s ranks as it prepares for expected tariff hikes and EV subsidy cuts under the incoming Trump administration.

Hyundai Motor has named Jose Munoz, its U.S. chief and global chief operating officer, as co-CEO, the first appointment of a foreign national to that rank at a major South Korean conglomerate.

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.

Hyundai Motor Co. on Friday promoted Jose Munoz, the company's global chief operating officer (COO), as its new CEO, appointing a foreign national to the top post for the first time since its foundation more than five decades ago.

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.

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

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 will name Jose Munoz, the current global chief operating officer, as its new chief executive officer later on Friday, a news report said, citing unnamed industry sources. If confirmed, it will be a rare appointment of a foreign national to the top post of a major conglomerate in South Korea,

Hyundai Motor Co. named Jose Munoz as chief executive officer, making him the first foreigner to lead the South Korean automaker as it seeks to grow outside its home country.