Hyundai Mobis has hired a purchasing expert from Samsung Electronics. It appears to be moving to strengthen global supply chain competitiveness.
According to the industry on the 16th, Hyundai Mobis recently hired Executive Vice President Jang Ho-young, who had overseen procurement at the Samsung Electronics Networks Business.
Jang, as the head of procurement at the Samsung Electronics Networks Business, led global partner management and cost competitiveness. In 2021, Jang was promoted to executive vice president in Samsung Electronics' regular executive appointments and oversaw the Networks Business, taking charge of global partner management and securing cost competitiveness.
Because a finished car's cost competitiveness is determined by sourcing modules and core parts, the importance of Hyundai Mobis' purchasing function within the group is high. As electrification, autonomous driving, and a shift to software-defined vehicles progress, stable parts procurement and cost management capabilities are becoming competitive strengths.
The recruitment of Jang aligns with Hyundai Motor Group's broader trend of bringing in outside talent. In recent years, Hyundai Motor Group has moved away from a practice centered on insiders and has expanded hiring of external experts regardless of whether they are from Korea or abroad.
Vice Chairman Jang Jae-hoon of Hyundai Motor Group also hails from Samsung Group, but has established himself as a key figure leading global business and organizational innovation.
Hyundai Motor Group is expected to carry out its regular executive reshuffle as early as this week.