Hyundai Motor names US chief Jose Munoz as CEO in major reshuffle

Hyundai Motor has appointed Jose Munoz, a Spanish native, as its new CEO, marking the first time a non-Korean has held the position. Munoz, credited with Hyundai's electrification efforts and sales growth, replaces Chang Jae-hoon, who becomes Hyundai Motor Group Vice Chair. The move aims to strengthen global operations and brand recognition amidst a changing business landscape.