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Hyundai Motor Group People Renewal … Executive Directors of 4 Subsidiaries Replaced
Accelerated improvement of Eui-seon’s constitution
Hyundai Motor Group carried out a major humane reform. Four representative directors from the main subsidiaries were replaced and future mobility (transport) experts were recruited. Kim Yong-hwan, vice president of Hyundai Steel and others, who laid the foundation for the group’s growth with Honorary Chairman Chung Mong-koo, stepped out of the front line. The speed of the transition to a smart mobility enterprise promoted by President Eui-sun Eui-sun (photo) is seen to accelerate.
On the 15th, Hyundai Motor Group promoted the head of Hyundai Motor Company management support headquarters (vice president, 56) to president Jae-hoon Jang (vice president, 56) via an executive salute in the second half of this year and named him CEO. This is the first greeting since President Chung took office. The new Chairman Jang is one of Chairman Chung’s key assistants as a leader in enhancing the corporate culture of Hyundai Motor Group.
Cho Sung-hwan, Head of Hyundai Mobis Electric Business Unit (Vice President, 59) and Young-joon Yoon, Head of Hyundai E&C Housing Business Division (Vice President, 63), Promoted to President and Assumed Office as CEO of Hyundai Mobis and Hyundai E&C. Jaewook Jung, Head of Hyundai Motor Purchasing Headquarters (Vice President, 61), becomes CEO of Hyundai Wia.
Talent in research and development (R&D) was also used. Shin Jae-won, head of NASA’s Urban Aviation Mobility Business Division (vice president, 61), was promoted to president. Gyu-Oh Lee (60), senior vice president of product integration development (60), who led the development of the electric vehicle platform for Hyundai-Kia Motors (E-GMP), and Se-Hoon Kim (executive vice president, 54), which oversees hydrogen electric vehicle businesses, have become vice presidents.
Vice President Kim Yong-hwan, Hyundai E&C Vice President Jeong Jin-haeng, Hyundai Wia Kim Gyeong-bae, Hyundai E&C President Park Dong-wook, and Hyundai Servo-Shin Engine Production Quality Manager, they will resign. An industry insider said: “The renewal greetings from Hyundai Motor Group mean that it will accelerate in every sector to become a future mobility company,” he said. “Next year, there will be a lot of changes from the organizational culture to the business structure.”
Jae-Hoon Jang as CEO of Hyundai Motor Company … Chairman Choi Aide, who led organizational innovation
Promoted by Hyundai Mobis Cho Sung-hwan, Construction Young-jun Yoon, and Wia’s Jae-wook Jung
The election of Hyundai Motor Group Chairman Eui-sun Eui-sun was a “general renewal”. New representative directors of 4 subsidiaries were appointed, including Hyundai Motor, the largest subsidiary. This is in contrast to the fact that most of the major national groups have hired the CEO of their major affiliates. An industry insider said: “A company that cannot adapt to the global automotive market that changes day by day cannot guarantee survival.” “It is an inevitable choice for the future.”
○ Jaehun Jang from abroad, as representative of Hyundai Motor Company
On the 15th, Hyundai Motor Group appointed the new CEOs of Hyundai Motor Company, Hyundai Mobis, Hyundai E&C and Hyundai Wia through executives in the second half of 2020. Jaehoon Jang, Vice President of Hyundai Motor Company, was promoted to President and became CEO of Hyundai Motor Company. Chairman Jang took the initiative to change the corporate culture of Hyundai Motor Group as head of the management support division at the end of 2018. The introduction of the autonomous clothing system and the streamlining of employee lines led to unimaginable changes in the existing Hyundai Motor Group. Since October last year, he served as head of the national business division and, since July of this year, he was also head of the Genesis business division. Although he was in charge of three venues at the vice president level at the same time, it is assessed that all venues have exceeded expectations.
President Jang has accumulated several careers, including work at the Samsung Group and General Electric (GE). In 2011, he joined the Hyundai Motor Group as Head of the Global Business Division of Hyundai Glovis, and in 2012 he moved to Hyundai Motor Company. After that, he went through various departments like human resources, sales, and planning. Since joining Hyundai Motor Group, Chairman Chung has known him, and he is said to frequently share opinions on subsequent issues.
One of the existing CEOs, Chairman Won-hee Lee, is known to play a role in the production and quality of Hyundai and Kia Motors. President Lee’s position is changed from “President of Hyundai Motor” to “Completed Car Division”, and Mr. Jang takes over the job that Lee had previously assumed. A group official explained, “President Lee plans to focus on the role of global business optimization, value chain innovation, and enhancing the synergy of technology development.”
The heads of each business unit, such as personnel, finance, labor and sales, also changed a lot or changed their positions. The head of the national commercial headquarters of Hyundai Motor was changed to Wonha Yoo (Head of the Sales Division), and the head of the Human Resources Department changed to Sungsik Lee. Executive Vice Presidents Kim Sang-hyun and Joo Woo-jung, CFOs of Hyundai Motors and Kia Motors, were promoted to Vice Presidents respectively. Jae-ho Choi, Assistant to the Life and Work Support Team, has moved from Managing Director to Managing Director. Some of the heads of Hyundai Motor Company’s overseas subsidiaries were also replaced, including the head of the Central and South America regional headquarters, the Russia regional headquarters and the representative of the Alabama plant in the USA. .
○ ‘People of Justice Line’ attracting attention
There have also been significant changes in subsidiaries other than Hyundai and Kia Motors. Hyundai Mobis, a parts subsidiary, is headed by the new president Cho Sung-hwan. The Vice President of Hyundai-Kia Motors R&D Headquarters and the CEO of Hyundai Otron are assessed as having experience in R&D and corporate management. Park Jung-guk, President of Hyundai Mobis, becomes deputy head of Hyundai-Kia Motors R&D headquarters. Together with President Albert Beerman, Head of R&D Headquarters, he plays a role in developing the group’s R&D capabilities.
Young-joon Yoon, director of Hyundai E & C’s housing business division (vice president), was promoted to president and became CEO of Hyundai E&C. At Hyundai E&C, he served as head of the project management department and head of the construction support business. It has managed to improve the brand of the housing business and it is evaluating that it has achieved results in large-scale orders.
As the new CEO of Hyundai Wia, Jae-wook Jung, Head of Hyundai Motor’s Purchasing Division (Vice President) has been appointed. President Chung has been in charge of parts development at Hyundai Motor Company, Kia Motors, and Hyundai Mobis for over 30 years. Chairman Jung plans to play a role in changing Hyundai Wia’s business portfolio and improving competitiveness.
From within and outside of Hyundai Motor Group, it is seen that the role of the talented individuals who have received the credentials of Chairman Chung will be more important as they become the key management team. They have a great understanding of President Chung’s goal of becoming a future mobility services company of an automobile manufacturer, and are evaluated for having a youthful sense.
In addition to chairman Jae-hoon Jang, Gull Kim, head of the Planning and Coordination Office (chairman), Young-woon Gong, chairman of Strategic Planning, and Young-Jo Ji (chairman) of the Strategic Technology Division, are considered ‘representative people of Eui-Seon Jeong’. President Kim is a thick-boned “planning box” in the planning and control room. He played a leading role in defending against attacks by the US hedge fund Elliott in 2018-2019. President Gong is in charge of strategic planning and internal legal affairs. Its strong point is its wide network of connections and extensive knowledge of various subjects. President Ji, who served as Vice President of Samsung Electronics, has been in charge of future business investments since joining Hyundai Motor Group in 2017.
Reporter Do Byeong-wook / Kim Il-gyu [email protected]
