Hyundai Motor Appoints Randy Parker as CEO of U.S. Operations

Soul: Hyundai Motor, South Korea’s largest automaker, announced Friday that it has appointed a new chief executive for its U.S. operations amid a lingering chip shortage. Hyundai promotes Randy Parker to CEO of Hyundai Motor America, effective August 1st. He will be responsible for Hyundai’s commercial vehicle business in the U.S. market, the company said in a statement. 2022 Hyundai Venue Facelift Subcompact SUV Launches In India At Rs 7.53 Lakh.

Parker will report to Jose Munoz, president and CEO of Hyundai Motor America, according to Yonhap News Agency.

“Randy is the perfect fit to continue Hyundai’s recent success in sales, market share and growth in the U.S.,” Munoz said.

In May 2019, Parker was appointed Vice President of Domestic Sales for Hyundai Motor America and was promoted to Senior Vice President in February 2021. During his tenure, Hyundai set a record as he became one of the fastest growing mainstream brands in the world’s most important automotive market. 2021 retail sales.

Hyundai’s U.S. sales increased 19% to 738,081 from 622,269 in 2021. However, sales in the US from January to June fell 16% to 343,867 from 407,135 in the same period last year due to the prolonged pandemic and chip shortages.

(The above article first appeared on LatestLY on July 29, 2022 at 3:10 PM (IST). For news and updates on politics, world, sports, entertainment and lifestyle, please visit our website Please log on to the site. latest.com).

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