LG Electronics has promoted Jo Seong-jin, the head of its Home Appliance & Air Solution division, to CEO of the entire company, effective immediately. A single CEO is a change in the company's management structure, as previously it had three top executives (of which Jo was one) answering to the board of directors.
Jo (60) joined Goldstar in 1976, becoming part of the team which developed LG’s first automatic washing machine in 1980. Prior to becoming president of the H&A division in 2015, he was the head of LG’s washing machine division. He has served along with CFO Do-Hyun Jung and Mobile chief Juno Cho as co-president of LG Electronics.
The Board of Directors also promoted Song Dae-hyun (58), currently head of the CIS Region and president of LG Russia, to replace Jo as president and CEO of the H&A division. In addition, five others were promoted to executive vice presidents, thirteen executives were named senior vice presidents and thirty-eight individuals were made new vice presidents. New roles and responsibilities take effect from 01 January 2017 after the general meeting of shareholders.
