LG ELECTRONICS PROMOTES HEAD OF SUCCESSFUL HOME APPLIANCE BUSINESS TO COMPANY CEO
- 12, 01 2016
SEOUL, December 1, 2016 — LG Electronics (LG) today announced that Seong-jin Jo, the head of its Home Appliance & Air Solution (H&A) Company and one of the three Representative Directors responsible for key decisions of the entire organization, has been promoted to the position of sole Chief Executive Officer, effective immediately. Mr. Jo’s responsibility will extend across all of LG Electronics’ business units including the H&A Company, Mobile Communications, Home Entertainment and Vehicle Components and oversight of over 120 operations around the world.
Mr. Jo (60), joined Goldstar in 1976, becoming part of the team which developed LG’s first automatic washing machine in 1980. Prior to becoming president of the H&A Company in 2015, Mr. Jo was the head of LG’s H&A washing machine division. In 2007, Mr. Jo received the Bronze Tower Order of Industrial Service Merit from the Korean government in recognition of his valuable contributions to the development of new technologies and Korean industry. More recently Mr. Jo was instrumental in LG’s move into premium appliances with the introduction of the LG SIGNATURE brand and built-in Signature Kitchen Suite as well as building the foundation for future businesses in the areas of IoT and smart homes.
The Board of Directors of LG also promoted Dae-hyun Song (58), currently head of the CIS Region and president of LG Russia, to president and CEO of the Home Appliance & Air Solutions Company, replacing Mr. Jo. A 33-year veteran of LG Electronics, Mr. Song has been involved on the business side of nearly every major product line of the H&A Company, including air conditioners, refrigerators and cooking appliances. As head of Russia and CIS since 2012, Mr. Song was responsible for successfully growing LG’s business in the region during an economically challenging period.
In addition to the promotion of Messrs. Jo and Song, five others were promoted to executive vice presidents, thirteen executives were named senior vice presidents and thirty- eight individuals were made new vice presidents. New roles and responsibilities take effect today, Dec. 1, 2016, with promotions going into effect on Jan. 1, 2017 after the general meeting of shareholders.
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 83,000 people working in 119 locations around the world. With 2015 global sales of USD 48.8 billion (KRW 56.5 trillion), LG comprises four business units ― Home Entertainment, Mobile Communications, Home Appliance & Air Solution, and Vehicle Components ― and is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG Electronics is a 2015 ENERGY STAR Partner of the Year. For more news and information on LG Electronics, please visit www.LGnewsroom.com
About LG Electronics Singapore Pte Ltd
LG Electronics Singapore Pte Ltd (LG Electronics Singapore) is a fully-owned subsidiary of LG Electronics Inc., the pioneer and market leader of the Korean electronics industry for over five decades. LG Electronics Singapore operates three business units – Home Entertainment, Mobile Communications and Home Appliance & Air Solution. In recognition of its vision to enrich people’s life with smart technologies and innovative design, LG Electronics Singapore has been recognized with prominent local and international accolades, such as the CNET Asia Editor’s and Readers' Choice Awards, HWM+HardwareZone.com Tech Awards, Red Dot Design, and GfK No. 1 Awards. For more information, please visit www.lg.com/sg.