Hyundai Motor bets on first non-Korean CEO to steer growth in U.S.

South Korean conglomerate breaks tradition by promoting proven COO Jose Munoz

20241121N hyundai cars on roof

The Hyundai Ioniq 9 electric SUV in an ad for its Nov. 21 unveiling. (Hyundai Motor)

NAMI MATSUURA, Nikkei staff writer

SEOUL -- Hyundai Motor Co. is entrusting its reins to a non-Korean CEO in an unprecedented move for a South Korean conglomerate, with an eye on growth and potential risks in its critical North American operations.

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