LG's Mobile Business Gets a New CEO

LG today announced a handful of changes to its leadership that the company hopes will lead to stronger performance of its mobile phone business. The company named Hwang Jeong-hwan as president and CEO of LG Mobile Communications. Juno Cho, the previous president, will take a new role within LG Corp. LG has also named Dr. Park Il-pyung as CTO. Prior to his appointment as CTO, Dr. Park served as the head of LG’s software business. Dr. Skott Ahn, the previous CTO, will tackle new responsibilities at LG Corp. In another change, Han Chang-hee was named head of the Global Marketing Center. Last, LG is creating a B2B company to handle sales to businesses. All the appointments are effective December 1. LG’s mobile phone business marked a loss of $117 million in its most recent quarterly earnings report, despite bringing capable handsets such as the G6 and V30 to the market this year.

Source: Phone Scoop – Latest News

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