Hyundai Motor has just promoted Jaehoon (Jay) Chang, head of its premium Genesis brand, as its new co-CEO and president.
Existing president and co-CEO, Lee Won-hee, will be tasked with securing a competitive edge in future businesses, while optimizing and strengthening technology development for the company, with a focus on electrification, smart factories and overall synergy.
Chang has stood out as a leader of the Genesis division, as well as the Korea Business division. He also influenced the overall culture of Hyundai Motor and was therefore considered the “right fit to spearhead the company’s innovations and changes.”
Other major appointments include Jaiwon Shin, executive VP of the UAM Division taking over as President and Kyu Oh Lee, senior VP and head of vehicle tech development for Hyundai and Kia being promoted to executive VP.
Hyundai reshuffles top execs, launches generation shift
Posted : 2020-12-15 17:14
Updated : 2020-12-15 20:02
This combined photo shows Hyundai Motor Group executives promoted to president of the group s units, Tuesday. From left are Hyundai Motor Company President and CEO Chang Jae-hoon, Hyundai Mobis President Cho Sung-hwan, Hyundai E&C President Yoon Young-joon, Hyundai Wia President Jung Jae-wook and Hyundai Motor Company President Shin Jai-won. Courtesy of Hyundai Motor Group
By Nam Hyun-woo
Hyundai Motor Group has reshuffled its top brass, promoting figures in charge of the group s future growth businesses to higher positions in the automotive conglomerate.
The reshuffle also shows signs of a generation shift, as key executives close to former Hyundai Motor Group Chairman Chung Mong-koo left their jobs to make way for younger figures having stronger connections to new Chairman Chung Euisun.