John Krafcik stepping down as Hyundai CEO, replaced by VP of sales
 

Filed under: Hirings/Firings/Layoffs, Hyundai

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Hyundai Motor America has announced that its affable president and CEO, John Krafcik, will be stepping down from his post on January 1, at the completion of his contract. He'll be replaced by the current executive vice president of sales, David Zuchowski.

Krafcik has helmed Hyundai through a product renaissance that's seen the Korean automaker go from budget afterthought to household name in less than a decade, launching stylish new models and expanding into new markets. "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, the COO and executive vice president of HMA's parent company, Hyundai Motor Company.

"It's been a sincere privilege and honor to lead Hyundai Motor America over the past five years, and I am confident that with Dave's succession, our brand will continue to expand and thrive for years to come," said Krafcik in a Hyundai press release, available below. "We have many of the best and brightest employees in the business coupled with a committed and talented dealer network that will continue to pay dividends."

Zuchowski takes over for Krafcik after joining the company in 2007 as VP of sales. He's spent 33 years in the industry, starting with Ford in 1980 and serving time at Mazda. "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.

It remains unclear whether this was a voluntary move on Krafcik's part, as he hasn't been linked to any other positions within the industry. Of course, if we hear anything else on this story, we'll update you as soon as possible. Scroll down for the full press release from Hyundai.Continue reading John Krafcik stepping down as Hyundai CEO, replaced by VP of sales

John Krafcik stepping down as Hyundai CEO, replaced by VP of sales originally appeared on Autoblog on Fri, 27 Dec 2013 13:55:00 EST. Please see our terms for use of feeds.



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