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LG Realigns Business Units, Appoints Top Executives

Juno Cho, President and CEO of LG Mobile Communications Company

Juno Cho, President and CEO of LG Mobile Communications Company

LG Electronics (LG) has announced the appointment of new executives to lead the LG Home Entertainment and LG Mobile Communications companies.

The company also has announced the merger of its Home Appliance and Air Conditioning & Energy Solution business units to create a consolidated LG Home Appliance & Air Solution (H&A) Company.

All new appointments are effective as of Dec. 1, 2014 with promotions taking effect on Jan. 1, 2015.

Juno Cho, President of LG Corp., LG Electronics’ holding company, will take on the role of President and CEO of the LG Mobile Communication Company with Dr. Jong-seok Park moving into the newly created position of Chief Technology Advisor.

Mr. Cho has strong knowledge of LG’s mobile operations, having previously led LG’s mobile business strategy and sales and marketing for North America from 2001-2007.

A graduate of Seoul National University with a degree in economics, Mr. Cho received his M.B.A. from the University of Chicago.

Dr. Bong-suk Kwon, EVP and CEO of LG Home Entertainment Company

Dr. Bong-suk Kwon, EVP and CEO of LG Home Entertainment Company

Bong-suk Kwon, head of the Synergy Division of LG Corp., will be promoted to Executive Vice President and CEO of the LG Home Entertainment Company. He received his degree in economics from Seoul National University and his M.B.A. from the University of Helsinki.

Seong-jin Jo, President and CEO of the LG Home Appliance Company, will assume responsibility of the newly created Home Appliance and Air Solution (H&A) Company. The merger of the HA and AE Companies aims to strengthen the company’s ability to provide total solutions for the home based on LG’s proprietary core technologies.

Other realignments are designed to strengthen LG’s competitiveness in the business-to-business (B2B) sector. Hwan-yong Noh, current President and CEO of the LG Air Conditioning & Energy Solution Company, will take on the new role of B2B Officer.

Executive Vice President Sang-bong Lee will lead the LG Energy Business Center, a new division created from the strengths of three existing businesses: Solar, Lighting, and Energy Storage System (ESS).

LG Electronics, Inc. is a global technology company in consumer electronics, mobile communications and home appliances, employing 82,000 people working in 119 locations around the world.

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