• Nov 26, 2008
Hyundai is once again shuffling the deck at its U.S. operation. Since 2003, four different backsides have sat in the CEO seat. Finbarr O'Neill, Bob Cosmai, Steve Wilhite, and Jon Eun Kim were not able to gain enough ground towards the brand's goal of selling 1 million units by 2010, so now it's time for John Krafcik to try his hand. Krafcik will move up from his VP of Product Development and Strategic Planning position where he helped shape Hyundai's most recent successes. He played a role ensuring the Genesis and Santa Fe would resonate with the American market, and his reward is the new title of acting President and CEO of the U.S. unit for Hyundai. In the past, individuals named as "acting" executives had the probationary title removed within just a few months. While Hyundai no longer thinks it will shift 1 million cars by 2010, Krafcik will try to keep the dealer body pleased with stable upper management and continuing to release world-class product at more reasonable prices than the competition.

[Source: Automotive News ,sub req'd]


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    • 1 Second Ago
  • 7 Comments
      • 6 Years Ago
      I don't know. Hyundai seems to be improving each year, considering the economy. It's just kind of amazing how much they change up the management, and the Big 3 continue to ride it out with many of the same people.

      If Hyundai had hired Bob Nardelli, they wouldn't have kept him for 4 months. Mullally may be improving things at Ford, but I'm convinced Mark Fields only got his job because he has compromising pictures of Bill Ford.
        • 6 Years Ago
        True...Hyundai doesn't seem like executives who sit on their laurels. Sure, some executive may balk at the current trend of how Hyundai CEOs' been doing and not want to be their, but there's never a shortage of bright, strong leaders who would make a great CEO.

        And I certainly hope Krafcik is that one. He's been great at all the auto shows and seems to genuinely enjoy touting Hyundai cars to the masses.
      • 6 Years Ago
      I figured it was just a matter of time before JFK rose to the top over there - he has the right stuff. Good Luck John.
      • 6 Years Ago
      Best of luck to Mr. Krafcik at his new employer, whoever that will be in a years time, because he certainly won't be at Hyundai for long.
        • 6 Years Ago
        Yeah, 5 CEOs in 5 years is a little ridiculous.
      Kathy Huber
      • 3 Years Ago
      My husband leased a new 2011 Hyundai Sonata and when we were on Rt. 16 in New Hampshire the brakes completely failed........completely! My husband, an ex- marine, slammed on the emergency brake which stopped the car just before we would have hit 2 cars. The problem turned out to be the computer chip. The car was in the shop in New Hampshire for 1 week. Prior to the brake problem until the present time, we have been having ongoing problems with the trunk of the car opening over and over again by itself. We can't use the trunk lest we would be robbed. For the trunk problem we have had the car in for service 5 or 6 times for a total of 8 days. It has never been fixed. Now Hyundai has informed us that they are closing our case. This car is a lemon. We need to reach John Krafcik, CEO of Hyundai, for his help with this ongoing problem. Please will help us. We have leased Hyundai before but this has been a really bad experience. Please contact my husband at 908-755-8460 or at franhuber@verizon.net. Thank you, Kathy Huber
      • 6 Years Ago
      Hyundai picked the right guy for the job. He has a proven track record of building models that people here in America WANT. Congrats on your promotion John!