Hyundai Motor Group replaced the chiefs who led the domestic business division and the Genesis business division. Hyundai Motor Group said it carried out early personnel changes only for some posts that needed strategy development, including next year's business plans.
On the 4th, according to the business community, Hyundai Motor held a promotion round for some executives that morning.
Hyundai Motor promoted and appointed new Executive Vice President Kim Seung-chan to succeed Executive Vice President Jeong Yu-seok, who led the domestic business division. Kim, who had previously handled domestic sales as head of the domestic sales division, will now also take on the role of division head.
Lee Si-hyuk, head of the North America product office, was promoted and appointed as head of the Genesis business division to lead Hyundai Motor's luxury brand Genesis. Lee has served as head of product for Genesis and head of the global product electrification initiative, overseeing the reorganization of the luxury lineup and the composition of electrification-based models.
Earlier, Hyundai Motor reorganized its existing India–Middle East (India, Middle East, Africa) mega-region and classified India as a separate region. Tarun Garg will take office as head of the India region. Park Dong-hwi, new executive vice president and head of the India–Middle East region, was promoted and appointed as chief operating officer (COO) of the India region, overseeing operations.
In addition, Donald Romano, head of the Australia sales subsidiary (HMCA), was appointed head of the Asia-Pacific region, and Tarek Mossad, who oversees Middle East and Africa business planning and strategy, was appointed head of the Middle East and Africa region.
A Hyundai Motor Group official said, "We carried out some early personnel changes to prepare next year's business plans based on new leadership."