Hyundai Motor Group (The Group) announced vital executive appointments for CEO and presidents as the Group seeks to respond to the rapidly-changing global business environment and continue driving business performance.
The focus of the appointments is to bolster future business capabilities while allowing the Group to manage global economic uncertainties better. The Group also established Global Strategy Office (GSO) to lead future mobility strategy.
Luc Donckerwolke, Executive Vice President and Chief Creative Officer (CCO) of Hyundai Motor Group, has been promoted to president.
President and CCO Donckerwolke will continue strengthening the identities of each of the Group’s mobility brands – Hyundai Motor, Kia, and Genesis – by leading the Group’s advanced design and concept model design. Mr Donckerwolke has led the Group’s creative projects, such as Genesis House New York and customer experience for Advanced Air Mobility (AAM).
“I am very honoured by this new responsibility. I want to thank the Group for the trust it has shown in me, and I recognize the Hyundai, Kia and Genesis design teams for their consistently outstanding performance,” said Mr Donckerwolke. “We have challenged the status quo together and will continue to promote a creative, challenging and positive attitude within our Group.”
President Donckerwolke will continue to oversee the Group’s brand communications based on creative content and projects and continue his efforts to strengthen the brand identities of Hyundai, Kia, and Genesis brands.
The Group promoted Hyundai Motor Company Senior Vice President Kyoo Bok Lee to Executive Vice President and appointed him as the president and chief executive officer of Hyundai Glovis. EVP Lee has diverse experience in Hyundai’s global sales and finances roles, including his role as a chief finance officer at Hyundai Motor Brazil. Recently he has been leading Group’s process innovation aimed at sustainable growth.
Executive Vice President Lee is expected to lead Hyundai Glovis to become a global intelligent logistics provider by accelerating the implementation of future new business strategies and creating synergies with the Group.
The Group also established a Global Strategy Office (GSO) to accelerate its transition into a future mobility solutions provider and strengthen the synergy between the group’s core businesses. Further detail on GSO will be decided later in the year.
The GSO will establish the Group’s future mobility strategy regarding software, hardware and mobility services. GSO will have a decision-making body composed of experts in each field for timely and consistent implementation of strategies.
In the meantime, the President of the Strategy Planning Division, Young Woon Kong, and President of the Innovation Division, Youngcho Chi, President and CEO of Hyundai Glovis Jung-Hoon Kim, will now take the advisor role.
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