In a statement published overnight here in the United States, LG Electronics announced major key organizational changes. The personnel and business segment moves were made in an effort to enhance the consumer electronics manufacturer’s strengths, and “more vigorously address the challenges ahead,” LG explained in a statement. Further, the moves announced are intended to positively impact the day-to-day duties of LG’s CEO and other key executives.
Summarized, LG said that the shifting organizational structure will help place a higher priority on the company’s robot and autonomous vehicle business, while placing the mobile business unit under the leadership of a “turnaround expert.”
Diving into the specific changes, LG said that Brian Kwon, currently their president of the LG Home Entertainment Company will transition into a leadership role at the Mobile Communications Company. LG said that Kwon played a critical role in transforming the company’s TV, audio, and PC business into category leaders, and they expect that his knowledge and experience in the global marketplace will help their mobile business more aggressively improve. As a result of the move, the current Mobile Communications Company president, Hwang Jeong-hwan will focus fully on his other role as the head of LG’s Convergence Business Development Office, the company said.