Hyundai Motor Group announced today that Euisun Chung, Executive Vice Chairman, was appointed as the Chairman of the Group. Chairman Mong-Koo Chung was appointed to the position of Honorary Chairman. Hyundai Motor Company, Kia Motors Corporation and Hyundai Mobis Co. each held board meetings today to discuss the appointment . All members of the boards unanimously endorsed the appointment of Euisun Chung as the new Chairman of the Group.
“All of our goals and efforts must be customer-centric. The first step to customer happiness is to enable them to focus on their own lives through perfect quality of our products and services,” said the newly inaugurated Chairman Chung.
The Group’s transformation under Chung is also taking place internally, with an emphasis on flexibility and agility like that of tech companies. Under his leadership, the Group is accelerating its efforts toward a healthier corporate culture by empowering its employees and encouraging horizontal communication.
“If each and every employee thinks of oneself as a pioneer, and channel that positive energy into our growth and that of our future generations, I am certain we will seize fresh opportunities out of crises,” said Chung. “I will foster a company culture that respects communication and autonomy. I will help cultivate a creative work environment, where talents are respected and realized to the fullest.”
Chung has been recognized for his innovative vision and for leading the Group’s key businesses successfully over the past two years as the Executive Vice Chairman. He steered the turnaround of Kia Motors’ business during his tenure as President, and led the growth of Hyundai Motor amid the global financial crisis and successfully launched the luxury brand Genesis as Vice Chairman.
He brought Kia Motors into the Group during the Asian financial crisis in the 1990s and turned the company into a successful global automaker. He also grew Hyundai and Kia into global automotive companies and advanced Korea as a leading nation in the automotive industry.His key to the success of Hyundai Motor Group was making quality the number one priority. Honorary Chairman Chung established a standardized plant construction system to assure consistent high-quality production for Hyundai and Kia vehicles around the world, and built one of the world’s largest research and development centers to strengthen the Group’s competitiveness.
Honorary Chairman Chung also introduced a new paradigm in sustainable management with the construction of the integrated steel mill Hyundai Steel Co., which helped maximize synergy within the Group with the world’s first resource circulation business structure.
Chairman Euisun Chung Profile
BA, Korea University
MBA, University of San Francisco
2018 Executive Vice Chairman, Hyundai Motor Group
2009 Vice Chairman, Hyundai Motor Company
2005 President, Kia Motors Corporation
2003 Head of Business Strategy Planning, Kia Motors Corporation
Executive Vice President, Business Planning Division at Hyundai Motor Company
2002 Senior Vice President, Domestic Sales Division at Hyundai Motor Company
1999 Director, Procurement / Sales Support Division at Hyundai Motor Company