Hyundai Names Acting CEO for U.S. Unit

Hyundai Motor America Inc. said that Robert F. Cosmai, former vice president of national sales, has been appointed to serve as acting president and chief executive.

Cosmai fills a vacancy created last week when Finbarr O’Neill, president of the Fountain Valley-based U.S. arm of South Korea’s Hyundai Motor Corp. since 1998, quit to become head of troubled Mitsubishi North America in Cypress.

Sources said Hyundai is not conducting a national search for a new top executive and probably would make Cosmai’s appointment permanent at the next corporate board meeting in Seoul.

-- John O’Dell