José Muñoz, Hyundai Motor’s U.S. chief and global COO, became the first foreign national co-CEO at a South Korean conglomerate on Friday. The announcement comes with a host of other switch-ups in Hyundai’s ranks as it prepares for expected tariff hikes and EV subsidy cuts under the incoming Trump administration.

Hyundai Motor Co. appointed Jose Muñoz as global president and CEO, recognizing his leadership in record sales and EV advancements.

Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the South Korean automaker, effective Jan. 1.

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 Group plans to appoint Jose Munoz as chief executive officer, making him the first foreigner to lead the automaker as it seeks to grow outside its home country, the Korea Economic Daily reported.

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 named Jose Munoz, current U.S. chief and global chief operating officer, as its new chief executive officer on Friday, marking a rare appointment of a foreign national to the top post at a major South Korean conglomerate.