Hyundai Motor has named Jose Munoz, its U.S. chief and global chief operating officer, as co-CEO, the first appointment of a foreign national to that rank at a major South Korean conglomerate.

Hyundai Motor appointed Jose Munoz as its new president and chief executive, making him the first non-Korean leader of the auto giant.

Hyundai Motor has appointed José Muñoz, head of U.S. operations and global chief operating officer, as its first foreign CEO, marking the first time a major South Korean company has appointed a foreign CEO.

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.

Hyundai Motor Company has appointed its first foreign chief executive officer (CEO) in an attempt to expand the company outside of South Korea and solidify its leadership in areas such as electrification.