- LG has also appointed new heads of heads of home entertainment and mobile communications teams
- The company has re-established the chief strategy office recently
LG Electronics (LG) has announced that Brian Kwon, currently head of LG’s mobile communications and home entertainment companies, has been named to take the helm as Chief Executive Officer (CEO) effective First December 2019. Other changes, announced by LG, for 2020 include: Park Hyoung-sei as president of the home entertainment company, new mobile communications company president Morris Lee, William Cho in the newly created position of chief strategy officer and chief financial officer Bae Doo-yong.
“The new leadership team will focus much effort in the years ahead to accelerating LG’s digital transformation across all operations to be more data-centric. To this end, the chief strategy office has been re-established to work across all business units as well as sister LG companies. The CSO will be headed by William Cho, who will return to headquarters after leading LG’s North America operations for the past six years,” read LG’s official statement.
Brian Kwon as the new CEO
Brian Kwon has spent more than three decades at the company. LG said that Kwon (56), joined Goldstar in 1987 and has held a variety of positions including business planning at LG Wales and head of the monitor division before being promoted to oversee the home entertainment company in 2014. Kwon is a native of Busan, receiving his bachelor’s degree from Seoul National University and MBA from Aalto University in Finland.
Park Hyoung-sei to head LG’s home entertainment company
Executive vice president Park Hyoung-sei takes the helm of LG’s home entertainment company after 25 years in the business unit with experience in TVs, PCs and monitors, the majority of that time focusing on the US market. Park is a graduate of the University of Michigan and received his master’s from Indiana University both in the USA.
Other organizational changes to speed up decision-making in critical areas will be implemented with some overseas responsibilities for research and development, production, purchasing and design transferred to headquarters.
“Other organisational changes to speed up decision-making in critical areas will be implemented with some overseas responsibilities for research and development, production, purchasing and design transferred to headquarters,” read LG’s official statement
It continued, “All appointments are effective First December 2019 with promotions taking effect First January 2020.”