Hyundai Motor Group conducted executive appointments. The number of newly promoted executives decreased from last year, while the proportion of those in their 40s increased. Last month, Vice Chairman Jang Jae-hoon, who was promoted, took on the role of overseeing the group's overall management and planning coordination, drawing the blueprint for future business.
On the 10th, Hyundai Motor Group announced the appointment of 239 new executives, including 73 from Hyundai Motor, 43 from Kia, and 20 from Hyundai Mobis. This marks a slight decrease from the 252 executives promoted last year. A group official noted, “Although we achieved record performance this year, we carried out the appointments after carefully verifying the contribution to the performance of each company and business.”
At Hyundai, Lee Seung-jo, executive vice president and chief financial officer (CFO), along with Ku Ja-yong, executive vice president in charge of investor relations, who achieved success in the initial public offering (IPO) of the Indian subsidiary, were each promoted to vice president.
At Kia, Kim Seung-jun, who has worked in the finance department for a long time and previously oversaw finances for the U.S. sales subsidiary, was promoted to executive vice president and appointed as CFO. Lee Tae-hoon, executive vice president in charge of global business management, was promoted to vice president.
Hyundai Rotem appointed Lee Jeong-yeop, executive vice president in charge of defense solution, who led the acquisition of large-scale overseas orders in the defense sector, as vice president and head of the defense solutions division.
Vice Chairman Jang Jae-hoon, who was promoted to vice chairman overseeing finished vehicles in the previous presidential appointments, will concurrently serve in the planning coordination role. Vice Chairman Jang will oversee the entire group's business and strategy, as well as manage new business development and investment.
The total number of promotions to vice president and executive vice president was 53. Despite the prolonged temporary downturn in electric vehicle demand, many individuals involved in developing innovative technologies, including electrification, were included.
Kim Chang-hwan, executive vice president in charge of electrification energy solutions, who leads the development of technologies across the energy sector, and Han Dong-hee, executive vice president overseeing core technology development for internal combustion engines and electrification systems, were promoted to vice president.
The proportion of executives in their 40s among the newly appointed executives increased from 21% in 2020 to 41% this year, nearly doubling in four years. Notably, in the technology institutional sector, 64% of the newly appointed executives were in their 40s.
Eleven female executives were newly appointed. This represents an increase of about three times compared to the four female executives who were appointed in the latter half of last year. Notably, female executives were appointed in fields such as branding, IT, and new business and strategy.
A Hyundai Motor Group official noted, “This executive appointment focused on optimizing the organization and leadership in consideration of the uncertainties in next year's business environment,” adding, “We will select talent capable of leading change and innovation for the group's future business transition.”