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Online gaming in India is among the world’s most vibrant, says MoS I&B Dr L Murugan at Storyboard18 DES 2025
Hyundai Motor appoints Jose Munoz as its first foreign CEO
Starting January 1, 2025, Munoz will take over as CEO, with Jaehoon Chang stepping into the role of vice-chairman of Hyundai's automotive division.
Prior to Hyundai, Jose Munoz spent 15 years at Nissan Motor Co., including a role as chairman of its China operations. (Image source: LinkedIn)
Hyundai Motor Co has appointed Jose Munoz as its new CEO, marking a significant milestone as he becomes the first foreigner to lead the South Korean auto giant, as per reports.
Munoz, 59, brings extensive industry experience, having joined Hyundai in 2019 as global chief operating officer with oversight of North and South American markets. Prior to Hyundai, he spent 15 years at Nissan Motor Co., including a role as chairman of its China operations.
Effective January 1, 2025, Munoz will succeed Jaehoon Chang, who moves into a new role as vice-chairman of Hyundai's automotive division.
Munoz’s appointment comes at a pivotal moment, with the global auto industry facing headwinds in the shift toward electric vehicles. His leadership will be crucial as Hyundai navigates these challenges, including a recent policy shift in the U.S. that may impact consumer tax credits for electric vehicle purchases. Hyundai’s Ioniq 5 EV, a popular model, is one of the vehicles eligible for the tax credit.
Additionally, Sung Kim has been appointed as president of Hyundai Motor, and Jun Young choi steps up as president of Kia Corp., Hyundai's sister company.
SPOTLIGHT
As India eyes global leadership in media, entertainment and gaming, Storyboard18's Digital Entertainment Summit, set to take place on June 27 in the capital, will spotlight the bold strategies, policy pathways and creative innovations shaping the future of the industry.
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