LG Electronics Adds More International Talent To Executive Position In Seoul
Seoul, Korea, June 1, 2009 - LG Electronics (LG) announced today the appointment of Peter Stickler, formerly of Ford Motors, as the new Chief Human Resources Officer (CHO).
Stickler, 59, will assume the role of CHO and Executive Vice President for LG effective next month. Stickler arrives at LG with 35 years of human resources management experience, 27 of those at Ford Motor Company. A United States native, Stickler attended St. John’s University and received his master’s degree in labor and industrial relations from Michigan State Univer-sity.
The appointment is consistent with CEO Yong Nam’s mission to attract the best international talent to the Korean consumer electronics and appliances company.
“LG is in the midst of transforming itself from a manufacturer to a marketing-driven company,” said Vice Chairman and CEO Nam. “Our objective is to become an innovation-based company that regularly achieves double-digit operating profit. We are committed to attracting talent from global organizations for their expertise and fresh perspective.”
Since 2007, LG has been filling the majority of its top positions with executives from outside Korea, a practice that was rarely seen at traditional Korean companies even a decade ago. To date, five of LG’s seven most senior executives have been brought in from outside Korea: Chief Marketing Officer (CMO) Dermot Boden, Chief Procurement Officer (CPO) Thomas Linton, Chief Supply Chain Officer (CSCO) Didier Chenneveau, Chief Go-To-Market Officer (CGTMO) James Shad and CHO Stickler.
LG also appointed Kyung-ho Kim, 45, to the position of Senior Vice President and head of its information strategy team, reporting directly to the Chief Financial Officer. Kim received his doctoral degree in management information systems (MIS) from the Korea Advanced Institute of Science and Technology (KAIST) and has worked in management consulting firms, including Accenture, for twenty years.
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About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 115 operations including 84 subsidiaries around the world. With 2008 global sales of $44.7 billion, LG comprises of five business units – Home Entertainment, Mobile Communica-tions, Home Appliance, Air Conditioning and Business Solutions. LG is one of the world’s leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has signed a long-term agreement to become both A Global Partner of Formula 1™ and A Technology Partner of Formula 1™. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mo-bile phone and data processor of this global sporting event. For more information, please visit www.lg.com.