Fountain Valley, CA, United States (4E) – John Krafcik, President and Chief Executive of Hyundai Motor America, will resign at the end of the year, the company said Friday, and will be replaced by David Zuchowski, who currently serves as the executive vice-president of sales.
Mr. Zuchowski, who joined the company in February 2007, is described by Hyundai as a 33-year veteran of the automotive industry. Before working in Hyundai, he was the vice president of sales and field operations in Mazda North America.
Mr. Zuchowski started his career in the automotive industry in 1980 at Ford Motor Co., where he became regional manager, product marketing manager, national merchandising manager and field operations manager for the Ford as well as Lincoln Mercury divisions.
The car maker struggled at start of the year, when the car-building capacity of their factories met their maximum limit, which cost the company sales.
First-half sales of Hyundai in the U.S. grew by just 1.9 percent, way less than the 8.4 percent growth rate in the entire automobile market. Last year, the Environmental Protection Agency found overstated gas mileage claims placed on window stickers of 900,000 Hyundai and Kia vehicles over the past three years.