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 (KS: 005380) on Friday promoted Jose Munoz, the company's global chief operating officer (COO), as its new CEO, appointing a foreign national to

Hyundai Motor Group has conducted executive appointments of its CEO and presidents this year.As President Jang Jae-hoon was promoted to vice chairman, Hyundai

Jaehoon Chang is promoted to Vice Chair of Hyundai Motor Group - Automotive Division Jose Munoz appointed as CEO of Hyundai Motor Company Sung Kim appointed as President of Hyundai Motor Company Jun Young Choi is promoted to President of Kia Corporation;

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.