Big changes in Lg management

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Jo Seong-jin, new Chief Executive Officer of Lg Electronics
Jo Seong-jin, new Chief Executive Officer of Lg Electronics

Lg Electronics announced very important changes in its management structure. On January 2017, Jo Seong-jin, head of Lg Home Appliance & Air Solution (H&A) Company and one of the three Representative Directors responsible for key decisions of the entire organization, will officially become sole Chief Executive Officer. His 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. Jo Seong-jin has always had an important role in the company’s development: in 1976 he joined Goldstar and became 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, he was the head of Lg’s H&A washing machine division. In 2007, he 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 the new CEO had a very important role 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 Song Dae-hyun (58), currently head of the CIS Region and president of Lg Russia, to president and CEO of the Home Appliance & Air Solutions Company, replacing Jo Seong-jin. A 33-year veteran of Lg Electronics, 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, he was responsible for successfully growing Lg’s business in the region during an economically challenging period. Both promotions will go into effect on January 1, 2017 after the general meeting of shareholders.