Apart from LG Electronics (LG) merging its Home Appliance and Air Conditioning & Energy Solution business units to LG Home Appliance & Air Solution (H&A) Company; the company has also made a few changes in its governance.
Juno Cho, president of LG Corp, LG’s holding company, will become president and CEO of the LG Mobile Communication Company with Jong-seok Park moving into the newly created position of Chief Technology Advisor. LG Corp head of Synergy Bong-suk Kwon will be promoted to executive VP and CEO of the LG Home Entertainment Company. Kwon was previously responsible for the HE Company’s monitor business. Seong-jin Jo, president and CEO of the LG Home Appliance Company, will assume responsibility of the newly created Home Appliance and Air Solution (H&A) Company.
Other realignments are designed to strengthen LG’s competitiveness in the business-to-business (B2B) sector. Hwan-yong Noh, current president and CEO of the LG Air Conditioning & Energy Solution Company, will take on the new role of B2B Officer to position LG as a leader in the commercial sector, which includes information displays, commercial air conditioning systems and energy-related initiatives. Executive VPt Sang-bong Lee will lead the LG Energy Business Center, a new division created from Solar, Lighting and Energy Storage System (ESS).
Finally, to strengthen its innovation and marketing capabilities, LG said that CTO Scott Ahn will take on the additional role of head of LG’s Innovation Business Center to identify and develop new business areas based on future technologies. Global sales and marketing officer Wayne Park will assume the new title of executive VP and CEO of LG’s Overseas Sales and Marketing Company which will oversee 53 of LG’s sales subsidiaries worldwide. Sang-gyu Choi, head of LG’s Korean sales and marketing operations, has been promoted to president and CEO of Korea Sales and Marketing Company.
All new appointments will be effective from 1 December, with promotions taking effect on 1 January.