Hyundai North American president and CEO John Krafcik will step down from his current role next week at the completion of his contract.
Current executive vice president of sales David Zuchowski, a 33-year industry veteran whose career began with Ford, will replace him when the succession takes place on January 1.
“On behalf of Hyundai Motor Company, we sincerely thank John for his visionary leadership and relentless pursuit of customer satisfaction, which has driven Hyundai’s record growth over the past five years,” said Im Tak Uk, executive vice president and chief operating officer of Hyundai Motor Company. “John’s forward-looking perspective, commitment to quality and design, and pursuit of innovative new product offerings have elevated the Hyundai brand and introduced our vehicles to a new generation of satisfied and loyal customers.”
The announcement comes as a surprise to many because Krafcik’s time as Hyundai’s North American leader was especially successful. Under his watch, the company saw increased sales and weathered last year’s fuel consumption scandal with relative ease and grace. Krafcik was also named the 2013 Automotive Executive of the Year during his tenure with the South Korean brand.
“I am both humbled and excited to lead Hyundai Motor America into the next chapter by continuing to build on John’s great legacy, and focusing on what matters most – building the highest quality, safest and most diverse fleet of models that customers love,” said Zuchowski, who joined Hyundai in 2007.
Discuss this story at our Hyundai forum.