Hyundai Motor signs José Muñoz as new Director of Operations

The South Korean vehicle manufacturer Hyundai Motor announced the appointment of the Spanish executive José Muñoz as new director of operations, after his departure from Nissan Motor following the investigation opened against the former president of the Japanese company, Carlos Ghosn.

Muñoz, 54, will join South Korea’s largest automaker on May 1st with the goal of revitalizing sales and profitability across the Americas, Hyundai said.

In fact, Muñoz has been named president and CEO of Hyundai Motor North America and Hyundai Motor America.

In the last three years Hyundai has suffered a significant drop in sales in the United States.

In the past year it sold 2.5% less than in 2017 and 13.8% less than in 2016. The manufacturer highlights in a statement that its experience “of more than 30 years in the sector” and its “capacity to leadership, as well as the record turnover levels achieved for Nissan in the US, Mexico and China, will contribute to improving the results of Hyundai Motor.”

The Spanish manager, considered a trusted figure of Carlos Ghosn, held the position of executive director of performance at Nissan and since January 2015 was responsible for its operations in China, after being responsible for the markets of Latin America and North America.

The case of Ghosn has removed the foundations of the Nissan-Renault alliance and the Japanese auto industry. Ghosn was arrested for the first time on November 19 in Tokyo, accused of allegedly hiding the financial authorities of Japan millionaire compensation agreed with Nissan.

About the French-Brazilian executive weighed three formal accusations, which Ghosn has denied arguing that it is a plot by Nissan executives, related to concealment of wages and abuse of trust.

Muñoz, PhD in nuclear engineering from the Polytechnic University of Madrid, joined Nissan in 2004 after working in the European branch of the Japanese manufacturer Toyota Motor.

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