MAM
Hyundai Motor Group announces key leadership appointments for 2024
Mumbai: Hyundai Motor Group has unveiled a series of key executive appointments for 2024, designed to drive sustainable growth, enhance global competitiveness, and accelerate its transformation into a future-focused mobility leader. The appointments highlight the Group’s commitment to fostering talent and recognising exceptional leadership to navigate global challenges and strengthen its organisational foundation.
Leadership advancements across the group
– Jaehoon Chang: Promoted to vice chair of Hyundai Motor Group – Automotive Division, effective 1 January 2025, Jaehoon will oversee the value chain, including product planning, supply chain management, manufacturing, and quality assessment. He aims to optimise business operations and maximise synergies across the Group while building systems for cost and quality innovation. His leadership as CEO since 2020 has delivered record-breaking performance, despite global challenges, and spearheaded initiatives like the hydrogen programme and the successful IPO of Hyundai Motor India Limited.
– José Muñoz: Appointed president and CEO of Hyundai Motor Company, effective 1 January 2025. Muñoz, the first non-Korean CEO, brings a proven track record of enhancing dealer competitiveness and profitability, especially in North America. His focus will include solidifying Hyundai’s global operations framework and expanding its leadership in electric, hybrid, and hydrogen technologies.
– Sung Kim: Elevated to president of Hyundai Motor Company, effective 1 January 2025, Sung will manage global external affairs, strengthen strategic intelligence capabilities, and address geopolitical and economic challenges. With vast experience in international policy, Kim will lead communications and PR initiatives while advancing Hyundai’s global protocol capabilities.
– Jun Young Choi: Promoted to president of Kia Corporation, Jun will continue enhancing Kia’s manufacturing capabilities, focusing on EV production and labour management innovation. He recently led Kia to its highest-ever domestic production performance and the Kia Tigers to a championship victory in the 2024 KBO League.
– Kyoo Bok Lee: Appointed president of Hyundai Glovis, Kyoo has driven financial stability and market competitiveness. His efforts include the company’s first-ever Investor Day and expanded investments in integrated logistics capabilities.
New appointments across affiliates
– Cheol Seung Baek: Promoted to CEO of Hyundai Transys, Cheol will focus on powertrain, electrification, and seating innovations while addressing labour and management strategies.
– Joon Dong Oh: Elevated to CEO of Hyundai KEFICO, Joon will strengthen electrification capabilities and lead the transition from internal combustion engine parts to electrification-driven businesses.
– Hanwoo Lee: Appointed CEO of Hyundai E&C, Hanwoo will diversify the global portfolio in civil engineering and the energy sector while accelerating strategic investments.
– Woo Jeong Joo: Promoted to CEO of Hyundai Engineering, Woo will focus on enhancing financial performance and organisational competitiveness to position the company as an industry leader.
Hyundai’s latest appointments reflect its performance-driven approach to leadership renewal and organisational growth. The Group remains committed to proactive talent development and the promotion of exceptional leaders to ensure long-term competitiveness and global success.
Brands
KPMG names Gary Wingrove as global chairman and CEO from October
Record Gmada bids signal rising demand as Rs 1,000 crore bet reshapes Tricity skyline
MUMBAI: KPMG has chosen continuity with a forward tilt. The firm has announced that Gary Wingrove will take over as global chairman and CEO of KPMG International, beginning a four year term from 1 October 2026. Currently serving as global chief operating officer, Wingrove steps into the top role after being nominated by the global board and elected by the global council.
A KPMG veteran with over 25 years at the firm, Wingrove has been closely involved in shaping its recent trajectory. As global COO, he has helped drive the firm’s Collective Strategy, focusing on operational integration, global investments and the steady expansion of the KPMG Delivery Network. He has also been at the forefront of KPMG’s digital push, including the rollout of AI enabled solutions across its global operations.
Before his global role, Wingrove served as CEO of KPMG Australia for nearly a decade, where he led a period of strong growth, almost doubling revenue, profitability and headcount while steering a cultural reset.
He succeeds Bill Thomas, who has led KPMG since 2017 and will work alongside Wingrove over the next six months to ensure a smooth transition.
Thomas leaves behind a firm that looks markedly different from when he took charge. Under his leadership, KPMG’s global revenues have risen by 55 per cent, and its workforce has expanded to more than 276,000 people. He also unified the network of member firms under the Collective Strategy, aligning priorities and strengthening governance.
His tenure saw heavy investment in technology and partnerships, with alliances spanning Microsoft, Google Cloud, SAP, Oracle and ServiceNow. These collaborations, along with platforms like KPMG Clara, have helped the firm scale its AI-led offerings and sharpen its competitive edge.
Beyond growth, Thomas also pushed improvements in audit quality and sustainability. Initiatives such as a multiyear global sustainability strategy and the Our Impact Plan have aimed to embed long term thinking into the firm’s operations and client services.
For Wingrove, the brief is clear but evolving. He has signalled a focus on agility, deep expertise and technology driven solutions as clients navigate an increasingly complex business landscape. He also emphasised KPMG’s identity as a people first organisation, supported by technology and unified through its global network.
The timing of the leadership change comes as KPMG continues to grow, reporting a 5.1 per cent rise in global revenue in FY25, with gains across tax and legal, audit and advisory services. Growth was recorded across all regions, despite a challenging macro environment.
As Wingrove prepares to take charge, the firm appears set on a familiar path with a sharper digital edge. Same playbook, perhaps, but with a renewed focus on speed, scale and smarter solutions.
