Hyundai Motor Co. named Jose Munoz as chief executive officer, making him the first foreigner to lead the South Korean automaker as it seeks to grow outside its home country.

FILE PHOTO: Jose Munoz, Global President and Chief Operating Officer (COO) of Hyundai Motor Company and the president and CEO of Hyundai Motor North America looks on during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023. REUTERS/David Swanson/File Photo

Hyundai Motor named Jose Munoz, current U.S. chief and global chief operating officer, as co-chief executive officer on Friday, marking a rare appointment of a foreign national to a CEO post at a major South Korean conglomerate.

Jose Munoz has been appointed president and CEO of Hyundai Motor Company, the first non-Korean CEO of Hyundai Motor.

The surprise appointment of Jose Munoz as the next chief of Hyundai Motor strongly demonstrates the South Korean automotive giant's determination to thoroughly prepare for increasingly uncertain market conditions,

Hyundai Motor on Friday promoted Jose Munoz, the company's global chief operating officer (COO), as its new CEO, appointing a fo

Munoz, 59, joined Hyundai in 2019 as global chief operating officer, with responsibility for the carmaker's north and south American operations

Hyundai Motor named Jose Munoz, current U.S. chief and global chief operating officer, as its new chief executive officer on Friday, marking a rare appointment of a foreign national to the top post at a major South Korean conglomerate.