Press Releases

12/03/2010

LG Electronics Reaffirms Strong Commitment to U.S. Commercial Display Business

LINCOLNSHIRE, Ill., Dec. 3, 2010 - In the wake of reports about a global corporate restructuring affecting the LG Electronics Business Solutions Company, LG Electronics USA confirmed today that the commercial display business in the United States remains intact.

LG Electronics Reaffirms Strong Commitment to U.S. Commercial Display Business

LINCOLNSHIRE, Ill., Dec. 3, 2010 - In the wake of reports about a global corporate restructuring affecting the LG Electronics Business Solutions Company, LG Electronics USA confirmed today that the commercial display business in the United States remains intact.

From a corporate structure standpoint, LG Business Solutions, now known as “LG Commercial Displays” has been incorporated into LG’s Home Entertainment business unit. However, in the United States, the Commercial Displays business will continue to operate as a separate business catering to the varied specialized needs of the U.S. business-to-business (B2B) market.

“This move better positions the business to bring the latest display technologies to LG’s valued B2B customers,” said Wayne Park, president of LG Electronics USA, Inc. “While capitalizing on the synergies with consumer electronics on a worldwide basis, LG Commercial Displays will continue to operate as a separate business in the United States, focused on the B2B market.”

Park named Regional Business Leader Y.K. Cho as head of the U.S. Commercial Displays business. Ron Snaidauf, vice president, Commercial Displays, continues to lead the lodging, hospitality and health care segments, while Jeff Dowell, vice president, Digital Signage, continues to lead the digital signage and monitor business areas addressing the restaurant, retail, education and industrial markets.

“As the new head of Commercial Displays in the U.S., I am excited at the opportunity to lead our aggressive growth strategy for 2011 and beyond,” Cho said. “The corporate restructuring means that we’ll have stronger product development capabilities that will enable us to provide highly innovative and unique solutions for all of our U.S. B2B customers’ needs.”

Park emphasized that LG’s commitment to the B2B business in the United States remains very strong. And while the corporate structure in Korea has changed, the unit continues to operate as a stand-alone business in the United States, focused on leading-edge technology solutions for the hospitality, lodging, health care, education, retail and digital signage markets, he explained.

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About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a global force and technology leader in consumer electronics, home appliances and mobile communications. In the United States, LG Electronics sells a range of stylish and innovative home entertainment products, mobile phones, home appliances and business solutions, all under LG’s “Life’s Good” marketing theme. The LG Electronics USA Commercial Displays business serves customers in the lodging and hospitality, digital signage, systems integration, healthcare, education, government and industrial markets. Based in Lincolnshire, Ill., with its dedicated engineering and customer support team, LG Commercial Displays delivers business-to-business technology solutions tailored to the particular needs of business environments. For more information, please visit www.LGusa.com.


CONTACTS: John I. Taylor (847) 941-8181, john.taylor@lge.com
Laurel Belfiore (312) 397-6058, laurel.belfiore@lg-one.com

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