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SEOUL, December 15 2020 – Hyundai Motor Group announced executive appointments in response to the rapid changes in the business environment and to lead future mobility ecosystem development.
The appointments, which focus on capabilities and expertise, aim to strengthen the Group’s future businesses and its ability to develop new technologies, while promoting creative and open culture at workplaces.
The Group also promoted new executives and leaders with performance and expertise in areas such as urban air mobility (UAM), autonomous driving, fuel cell and robotics to lead the future mobility industry paradigm shift.
Jaehoon (Jay) Chang, Executive Vice President of Hyundai Motor Company, is promoted to President and CEO of Hyundai Motor Company.
Mr. Chang has accomplished remarkable achievements leading the Korea Business Division and Genesis Division. He also led People & Business Operation Support Division’s efforts in the innovation of the organization and culture of Hyundai Motor Company. He is the right fit to spearhead the company’s innovations and changes.
President Wonhee Lee will focus on securing competitiveness in future mobility businesses. Key areas include optimizing global businesses, innovating value chains in areas such as electrification, smart factories and strengthening synergy in technology development.
Jaiwon Shin, Executive Vice President of UAM Division, is promoted to President.
Mr. Shin, an aviation expert from the National Aeronautics and Space Administration (NASA), is expected to play a pivotal role in Hyundai Motor Group’s UAM development, acceleration of the business and the realization of the Group’s future mobility vision.
Kyu Oh Lee, Senior Vice President and Head of Total Vehicle Development Tech Unit for Hyundai and Kia, is promoted to Executive Vice President.
Mr. Lee led the development of the Electric Global Modular Platform (E-GMP), a platform dedicated to battery electric vehicles for the Group’s Hyundai, Kia and Genesis brands, and will focus on securing technological leadership in the era of electrification.
Saehoon Kim, Head of Fuel Cell Center, is promoted to Executive Vice President.
Mr. Kim possesses world-leading expertise in the field of fuel cell and has led the enhancement of the Group’s future electrification businesses.
Dong Jin Hyun, Head of Robotics Lab, which is leading the development of Hyundai Motor Group’s robotics technologies, is promoted to Vice President.
The Group’s emphasis on future businesses and new technologies is highlighted by the latest appointments with more than 30 percent of new promotions coming from those areas.
Through the new appointments, Hyundai Motor Group will provide mobility solutions optimized for the lives of humanity and strive to solidify leadership in robotics, UAM and smart cities, along with the core growth pillars of autonomous driving, electrification and fuel cell.
The Group has also appointed leaders as the new CEOs of key affiliates to enhance ownership and accountability of each entity.
Sung Hwan Cho, Executive Vice President of Hyundai Mobis R&D and Automotive Electronics Business Unit, is promoted to President and CEO of Hyundai Mobis Co.
Mr. Cho is expected to strengthen Hyundai Mobis’ capabilities in future technologies and new businesses based on his experiences as the Executive Vice President of Hyundai Motor Group R&D Division and CEO of Hyundai Autron.
Young Joon Yoon, Executive Vice President of Hyundai Engineering & Construction Co.’s Housing Works Division, is promoted to President and CEO of Hyundai Engineering.
Mr. Yoon upgraded the company’s housing business brand and acquired series of large-scale contracts. He also spearheaded the affiliate’s efforts to foster core competitiveness and organizational culture innovation.
Jae Wook Jung, Executive Vice President of Hyundai Motor’s Procurement Division, is promoted to the new President and CEO of Hyundai Wia Corp.
Mr. Jung is an expert in components development for Hyundai Motor, Kia Motors and Hyundai Mobis with a career exceeding 30 years and will push to reorganize Hyundai Wia’s business portfolio to include EV parts and enhance its competitiveness.
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About Hyundai Motor Group
Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all.
More information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com
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