Hyundai has announced that Albert Biermann, President and Head of the Research and Development Division for the group, is retiring, but will continue to act as an Executive Technical Advisor for the Group based in Europe.

As an Executive Technical Advisor, Mr. Biermann will advise the Group on the development of new products and on future technologies. These include the group's work in sectors including urban air mobility, robotics and hydrogen fuel cells. He will also support the development of the electrification of performance vehicles, while playing a key role in talent development by passing on his expert knowledge at Hyundai Motor Europe Technical Centre.

Mr. Biermann joined the Group as Executive Vice President and Head of Vehicle Testing and High-Performance Development in 2015 following 31 years at BMW. Based at the Group's Research and Development Centre in Namyang, Korea, he has led the development of new Hyundai, Genesis and Kia models, and overseen engineering projects relating to ride and handling, safety, reliability and the mitigation of vehicle noise, vibration and harshness.

Mr. Biermann also played a key role to establish the Hyundai N high performance vehicle sub brand. In 2018, the Group named him President and Head of the Research and Development division at Hyundai Motor Group.