Hyundai Motor Company has announced organisational changes within its overseas operations, including more control of manufacturing from Europe, as the company grants greater autonomy to each region "in an effort to spur sustainable growth and enhance innovation".
The company has launched Hyundai Motor North America headquarters, Hyundai Motor Europe headquarters and Hyundai Motor India headquarters, effective 2 July. More overseas markets will be transformed into regional headquarters as the company aims to complete its global reorganisation by 2019. These changes are in line with last October's restructuring at Hyundai's headquarters in Seoul, which saw the establishment of a Global Operations Division.
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Each regional unit's responsibilities will extend across every aspect of the business, ranging from product planning, marketing, sales, and manufacturing. It will operate with greater integration, to actively respond to rapidly evolving market trends and customers' needs. Each regional headquarters will also have functional divisions for planning, finance, products and customer experience, so it can secure and optimise more effective decision-making systems within each region.
The regional groups, in close collaboration with corporate headquarters, will play a hub role to lead continuous innovation within each market.
The newly-launched Hyundai Motor North America headquarters will encompass Hyundai Motor Manufacturing Alabama, the company's production hub for the Americas, and three sales units – Hyundai Motor America, Hyundai Motor Canada and Hyundai Motor Mexico. Executive vice president Yong-woo Lee will leave his current position as head of Hyundai Motor Brazil to oversee operations of the newly established regional headquarters.
Hyundai Motor Europe headquarters will expand Hyundai Motor Europe (HME)'s current role beyond sales operations, bringing under its wing Hyundai Motor Manufacturing Czech (HMMC) and Hyundai Assan Otomotiv Sanayi Ve Ticaret (HAOS: Turkey manufacturing joint venture). Dong-woo Choi, currently head of European Operations Division in Seoul, will take on the role as head of the new regional headquarters, and be promoted to executive vice president.
Hyundai Motor India headquarters will support the company to further enhance operations in the market, under the leadership of executive vice president Young-key Koo, the current managing director of Hyundai Motor India.
Current HME president Hyung-cheong Kim will be promoted to executive vice president to take charge of the Global Operations Division at Hyundai's headquarters in Seoul.
