LG Electronics announced that the head of its home entertainment business, Brian Kwon, will also take responsibility for its struggling mobile phone division. The Korean company said the changes to its organization are an effort to "enhance its strengths and more vigorously address the challenges ahead".
Kwon played a critical role in transforming LG’s TV, audio and PC business into category leaders and his knowledge and experience in the global marketplace will be instrumental in continuing LG’s mobile operations turnaround, the company said. The current mobile president, Hwang Jeong-hwan was brought in a year ago and helped strengthen the operation’s quality assurance and product development efficiency, LG said. He will remain in his other role as head of LG’s Convergence Business Development Office.
In other changes, CEO Jo Seong-jin will hand over more of his day-to-day responsibilities to CFO David Jung, giving him time to focus more on strategy and the company’s plans for the future. Jung will take over responsibility for LG’s business support operations from the CEO, with tasks including the supervision of the company’s support operations at all Korean facilities as well as functions such as corporate security and communications.
Finally, the Vehicle Components Company will be renamed the Vehicle Component Solutions (VS) Company and the Business-to-Business Company will become the Business Solutions (BS) Company. Kim Jin-yong, head of the Vehicle Components Company’s fast-growing smart business efforts in intelligent driving and vehicle connectivity, will assume the role of president of the newly expanded VS Company.
