LG Makes Key Leadership Changes to “Enhance Flexibility and Decision-Making” for 2016
LG Electronics made two key executive appointments over the weekend that it said are designed to “further strengthen the company as it enters the new year.” There will now be three veteran executives leading the global corporation, overseeing every aspect of LG’s business. The new leadership structure for LG Electronics is designed to give each executive more independence and responsibility to facilitate rapid decision-making in the fast-paced business environment with a wide range of consumer segments, LG explained.
The three Representative Directors for LG Electronics are: Jo Seong-jin, President and CEO of Home Appliances & Air Solutions; Juno Cho, President and CEO of Mobile Communications; and David Jung, President and CFO. LG also announced that current Vice Chairman and CEO Koo Bon-joon will rejoin the leadership team at LG Electronics’ parent company, LG Corp.
“The new structure will also give each of LG’s four companies―Home Entertainment, Mobile Communications, Home Appliance & Air Solution and Vehicle Components―more autonomy to respond quickly and decisively to market conditions and business growth opportunities,” LG said in a statement. “Complementing LG’s ongoing leadership in televisions, mobile devices and appliances, high-growth areas such as automotive components, energy, IT and B2B are expected to drive more of LG’s growth going forward.”