LG Brings In New Leadership for Mobile Unit
LG today announced leadership and organizational changes that it hopes will improve the fortunes of its mobile business unit, which has suffered losses perennially. The current head of LG's Home Entertainment Company, Brian Kwon, will add the Mobile Communications Company to his plate. LG says Kwon helped transform its TV, audio, and PC businesses. The company thinks Kwon can use his expertise to effect similar improvement to the mobile device business. The current president of LG's phone business, Hwang Jeong-hwan, who filled the role for just one year, will transition to a position with LG's Convergence Business Development Office. The overall CEO of LG Electronics, Jo Seong-jin, will focus on strategy and assign more of his responsibilities to president and CFO David Jung. Jung will be responsible for day-to-day business operations. In addition to the executive shuffle, LG renamed two business units. The Vehicle Components Company will be renamed the Vehicle Component Solutions Company and the Business-to-Business Company will become the Business Solutions Company. The changes go into effect December 1.
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