Hyundai nominates Genesis head as new co-CEO

Hyundai Motor nominated Jaehoon Chang, global head of its premium Genesis brand, as the co-CEO and president on Tuesday, the automaker said.

Lee Won-hee, existing president and co-CEO, will concentrate on securing a competitive edge in future automotive businesses such as optimizing worldwide businesses and empowering technology development, the automaker said

Genesis is a luxury a luxury brand of Hyundai which was was launched first in South Korea. Today it also operates in the U.S., Canada, Russia, the Middle East and Australia.

Chang has held roles of increasing responsibility within the Production Development Planning, Customer Experience, Korean Business and People & Business Operation Support Divisions.