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LG Electronics (LG) announced on Dec. 1 that Jo Seong-jin, the head of its Home Appliance & Air Solution (H&A) business unit and one of the three representative directors responsible for key decisions of the entire organization, has been promoted to the position of sole chief executive officer, effective immediately. Jo’s responsibility will extend across all of LG Electronics’ business units including H&A, Mobile Communications, Home Entertainment and Vehicle Components, including over 120 operations around the world.
60 years-old Jo joined Goldstar (currently LG Electronics) in 1976, becoming part of the team which developed LG’s first automatic washing machine in 1980. Prior to becoming CEO of the H&A Business Unit in 2015, Jo was the head of LG’s H&A washing machine division. In 2007,
More recently, Jo was instrumental 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, currently head of the CIS Region and CEO of LG Russia, to president and CEO of the Home Appliance & Air Solutions Business Unit, replacing Jo. Song, a 33-year veteran of LG Electronics, has been involved in the business side of nearly every major product line of the H&A Company, including air conditioners, refrigerators and cooking appliances. As the head of Russia and CIS since 2012, Song has been responsible for successfully growing LG’s business in the region during an economically challenging period.
In addition to the promotions of Jo and Song, 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 today, Dec. 1, 2016, with promotions going into effect on Jan. 1, 2017 after the general meeting of shareholders.