Overview
- LG Electronics’ board approved Lyu Jae-cheol as CEO, with outgoing chief Cho Joo-wan stepping down for a generational transition.
- Lyu, a longtime home-appliance R&D leader who joined in 1989, was tasked with extending LG’s market lead in appliances and driving growth initiatives.
- LG Chem appointed Kim Dong-chun, head of advanced materials, as CEO as Vice Chair Shin Hak-cheol retires after seven years.
- LG elevated key leaders to president roles, including Vehicle component head Eun Seok-hyun and Energy solutions head Lee Jae-sung, and named Yeo Myung-hee as the group’s first female CFO.
- LG Electronics began organizational changes to bolster growth, adding an HS B2B overseas sales unit and an HS Robotics Lab and consolidating TV and IT into a single Display Business, according to a Pulse report cited by News18.