- One of the first African Americans to hold the position of CEO of a significant OEM regional market is Parker.
- Under Parker’s leadership as Senior Vice President of National Sales for Hyundai, the company saw significant increases in sales and market share.
/PRNewswire/ — FOUNTAIN VALLEY, Calif., July 28, 2022 — Randy Parker has been promoted to CEO of Hyundai Motor America by Hyundai Motor North America, starting August 1. Parker is in charge of Hyundai’s American operations for commercial vehicles in this capacity. Jose Munoz, president and CEO of Hyundai Motor North America, will be his direct supervisor.
Randy is the ideal candidate to build on Hyundai’s recent achievements in sales, market share, and growth in the United States, according to Munoz. He will undoubtedly continue to enhance our dealer network and the entire Hyundai team, in my opinion.
Hyundai has a fantastic team that Jose and our Korean leadership put together, Parker added. “I am humbled and honored by the chance to head this organization and build on our recent accomplishments.”
Parker will oversee the most diversified C-suite in the automobile business as one of the first African Americans to hold the position of CEO of a significant OEM regional market. Parker joined Hyundai Motor America in May of 2019 and was appointed vice president of national sales before being elevated to senior vice president in February of 2021. His leadership helped Hyundai establish an all-time retail sales record in 2021 and increase its retail market share by 31% since 2020, making it one of the mainstream brands in the United States with the quickest growth rates.
Prior to joining Hyundai, Parker oversaw the brand’s overall performance in the United States, Canada, and Mexico while serving as vice president of Infiniti North America. He has worked in the auto sector for more than three decades, holding executive positions with General Motors (GM), GM Acceptance Corporation (GMAC), Nissan, and Infiniti. He held the position of division vice president, Global Light Commercial Vehicle (LCV) Sales and Marketing at Nissan, where he was in charge of the Japanese automaker’s Yokohama-based LCV business unit. Parker also served as the western region’s regional vice president for Nissan USA.
Parker graduated from Texas Christian University with a Bachelor of Science degree. Additionally, he completed executive management programs at Penn State and Harvard. Parker was included on the Automotive News All-Star list in 2021, and the Automotive Hall of Fame honored him in their esteemed list of industry influencers in 2022.
Although Parker was born in Germany’s Nuremburg, he identifies as a Texan. He attributes a large portion of his success to his parents’ setting an example of tough, caring, and moral decision-making.
According to Parker, she was nurtured in a military family that emphasized esprit de corps, servant leadership, and hard labor. “I really believe in the adage “Move alone if you want to go fast.” Go together if you want to go far. The Hyundai team is capable of more than anyone could have ever dreamed, in my opinion.”
As vice president of national sales, Bob Kim, the general manager for the southern area, will answer to Parker. David VandeLinde has also been given a promotion to vice president of after-sales, and he will now work under Parker.
In This Article...
Hyundai is elevating senior North American executives as the carmaker gives its global COO, Jose Munoz, additional responsibility.
One of the first African Americans to hold the position of CEO of an automobile in a local market is Randy Parker.
Randy Parker has been appointed CEO of Hyundai Motor America as part of significant managerial changes at Hyundai Motor Co.
The adjustments follow Jose Munoz’s increased workload as CEO of Hyundai Motor North America and worldwide COO of Hyundai Motor Co.
According to a statement released by the carmaker on Thursday, Parker will be in charge of overseeing Hyundai’s commercial automotive business in the United States and will answer directly to Munoz.
One of the first Black people to hold the position of CEO of an automobile in a local market is him. Additionally, he is the second Black CEO to be selected in the American car sector this month. Edward Hightower was appointed as the new CEO of Lordstown Motors Corp. on July 12. He is the first Black CEO of a U.S. automaker in more than a century.
Parker oversaw all facets of sales and distribution in his current position as senior vice president of national sales for Hyundai Motor America, which he assumed in 2021.
Parker will be the national sales manager, and Bob Kim, who is now the general manager of Hyundai’s southern region, will take on that responsibility.
Hyundai also announced that Tedros Mengiste, executive director of sales operations of Hyundai’s luxury division, Genesis Motor America, has been promoted to vice president of sales operations for Genesis. Mengiste will continue to be in charge of Genesis COO Claudia Marquez’s field operations, incentives, production, and sales in the United States.
Edgar Carranza will take on the role of CEO of Hyundai Motor de Mexico and be responsible for managing the region’s commercial automobile business. Currently the COO, Carranza will answer directly to Munoz.
Under Parker’s sales management, the Hyundai brand had 738,081 U.S. sales in 2021, a 19% increase over 2020, despite widespread inventory shortages. Hyundai increased their market share in the United States from 4.3 to 4.9 percent between 2020 and 2021. Hyundai sales this year up until June made up 5% of the market in the United States.
Munoz stated in a statement, “I have no doubt [Parker] will continue to enhance the whole Hyundai team and our dealer network.
Parker previously served as vice president of Infiniti North America, with responsibility for the United States, Canada, and Mexico. He has held executive positions with Nissan, General Motors, and GM Acceptance Corp. throughout the course of his three decades in the car sector.
A new vice president of sales operations has also been hired by Genesis Motor America.
Hyundai makes significant changes to its executive team in North America. One of the largest adjustments is Randy Parker’s appointment as Hyundai Motor America’s CEO on August 1. On the same day, Edgar Carranza also takes over as CEO of Hyundai Motor Mexico. Vice President of Sales Operations at Genesis Motor America is now Tedros Mengiste.
Parker is rising through the ranks at Hyundai Motor America from senior vice president of national sales. He started working for the carmaker in 2019 and started in his present position there in 2021.
How much money does Hyundai’s CEO make?
Reuters: SEOUL – 005380 Hyundai Motor Co In their first such statement under new guidelines, KS chairman Chung Mong-compensation koo’s from the South Korean automaker and its two significant affiliates totaled 14 billion Korean won ($13.09 million) last year.
Who is the owner of Hyundai?
The major automakers with present presences in the United States are listed below, along with the brands they sell.
BMW, Mini, and Rolls-Royce are all owned by BMW Group. Smart and Mercedes-Benz are owned by Daimler AG. Lincoln and Ford are owned by Ford Motor Co. Chevrolet, GMC, Buick, and Cadillac all belong to General Motors. Hummer is back as a GMC subsidiary brand. In order to co-develop EVs, GM and Honda have an official collaboration. Acura and Honda are owned by Honda Motor Co. It collaborates with GM. Sony Honda Mobility is the name of the electric vehicle firm they founded with Sony. Genesis, Hyundai, and Kia are all owned by Hyundai Motor Group. Mazda is owned by Mazda Motor Corp. Mitsubishi, Nissan, and Infiniti are all owned by the Renault-Nissan-Mitsubishi Alliance. Following the merger of Fiat Chrysler Automobiles and Peugeot S.A., a new company called Stellantis was created. According to the explanation, the word is derived from the Latin verb “stello,” which means “to dazzle with stars.” Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Maserati, and Ram are now under Stellantis and are FCA brands that are offered in the United States. Other Stellantis automobile brands include Citroen, DS Automobiles, Opel, Peugeot, and Vauxhall. Subaru is owned by Subaru Corp. Jaguar and Land Rover are owned by Tata Motors. Owned by Tesla. Lexus and Toyota are owned by Toyota Motor Corp. Additionally, it owns stock in Suzuki and Subaru. The automotive brand VinFast, along with VinHomes, VinBigData, VinBioCare, and VinBrain, are all owned by VinGroup. Audi, Bentley, Bugatti, Lamborghini, Porsche, Scout, and Volkswagen are all brands owned by Volkswagen AG. Volvo, Polestar, and Lotus are all brands owned by Zhejiang Geely Holding Group (ZGH).
Who is the Hyundai VP?
The vice president of Hyundai Motor America is Harry May. Hyundai Motor America’s Vice President of Corporate Planning, Product Planning, and Digital Business is Michael O’Brien.
What does Hyundai excel at?
The business has a solid reputation for excellence, dependability, and craftsmanship, and its innovative Five Year Unlimited Mileage Warranty consistently receives plaudits throughout Europe. But design is the key factor in why people pick Hyundai vehicles. According to research, European Hyundai buyers are overwhelmingly motivated by design, which is not surprising given that Design Centre Europe is responsible for 90% of the Hyundai vehicles sold in Europe.
In whose hands does Hyundai USA rest?
Jose Munoz is the president and CEO of Hyundai and Genesis Motor North America as well as the worldwide president and chief operating officer of Hyundai Motor Company. In this role, Munoz is in charge of increasing performance in important strategic regions like Europe, India, the Middle East, and Africa.
Where are Hyundai motors produced?
In May 2005, the Hyundai Motor Manufacturing Alabama facility began operations. The plant has a yearly output capacity of 399,500 automobiles at full capacity. This is what? Additionally, it makes engines for Hyundai and the adjoining Georgia Kia facility.
Hyundai, are you as excellent as Toyota?
Although Hyundai outperforms Toyota in these two areas, it’s difficult to determine which brand is superior on the whole. Hyundai’s warranty squares off against Toyota’s unwavering reliability reputation in a best-of-the-best contest. However, they are both excellent automakers with a wide range of alternatives for vehicles and competitive pricing. While we won’t declare that Hyundai is superior to Toyota, we will suggest that it is probably a good idea to test drive a Hyundai Tucson or a Hyundai Sonata in addition to a Toyota RAV4 or Camry.
Is Hyundai the subject of a class action lawsuit?
A new class action lawsuit in Illinois filed against Kia and Hyundai makes this assertion.
Yvette Davis was proud of herself when she was finally able to purchase and claim ownership of this 2011 Hyundai Sonata after years of financial hardship.
On August 28, Davis’ pride was dashed when she went outside and saw that her automobile had been taken from in front of her house.
Davis started his investigation after filing a police report. She discovered that numerous class action lawsuits have been brought against Hyundai and Kia around the nation, arguing that the lack of an immobilizer is the reason the vehicles are so simple to steal.
Then CBS 2 discovered that one had recently been filed in federal court in Chicago for Illinois as well.
The lead attorney for the Illinois complaint and a dozen others, Ken McClain, alleges that Hyundai and Kia did not install the immobilizers to keep the cost of the vehicles low.
Kia and Hyundai have been aware for some time that not installing an immobilizer disadvantages their vehicles, according to McClain.
She is, nevertheless, among the fortunate. She recently received a letter informing her that her Sonata was being held in a city impound lot. Driveable despite damage.
But she doesn’t have any money to fix it because her sole insurance is liability. She was placed in touch with the class action lawsuit’s attorneys by CBS 2.
People who have had their Kias or Hyundais stolen are included in the lawsuits, according to McClain.
“We will be looking to have them reimbursed,” McClain said. “We will have different kinds of people with damages, including those who have had their cars taken.”
There are 13 claims against Kia and Hyundai, with McClain serving as the lead counsel in at least three of them. Both Hyundai and Kia were contacted by CBS 2 and asked for an interview or a response. Both stated that they do not speak on ongoing legal disputes.