Technology is rapidly reshaping the world and opening up new business opportunities in legacy areas like the automotive and construction industries. To prepare itself for this change, South Korea’s Hyundai Motor Group has refreshed its leadership at the top of several of its subsidiaries to ensure it can keep pace with new tech development.
Starting at the very top, Jaehoon (Jay) Chang has been elevated to CEO and President of the Hyundai Motor Company, the company’s core automotive business. He had previously served as the EVP of Hyundai Motor Company, and will now oversee the entire mobility business and will be responsible for central growth pillars like autonomous driving, electrification, and fuel cells.
A company press release called Chang the right fit to spearhead the company’s innovations and changes and lauded him for his achievements leading the Korea Business Division and Genesis Division. Chang also led the People & Business Operation Support Division’s efforts in the innovation of the Hyundai Motor Company organization and culture.
Alongside Chang’s promotion, Hyundai named new a CEO for its auto parts manufacturing business, Hyundai Mobis, as well as a new CEO at Hyundai Wia, who will reorganize the heavy machinery, defense, and car parts business to include electric vehicle parts. The company’s construction arm, Hyundai Engineering & Construction, also received a new chief executive.
Additionally, the conglomerate elevated several new leaders to helm future growth areas such as urban air mobility (UAM), autonomous driving, fuel cells, and robotics. These new leaders will ensure Hyundai Motor Group stays stays on top of and smart city solutions that could impact its wide range of subsidiaries.
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