Despite releasing quality phones like the G6 and V30 this year, LG's sales for its mobile division has left a lot to be desired. The company reported a massive loss of $117 million for the second quarter of the year, and likely as a result of these falling numbers, it's been announced that a new CEO will take charge of LG's mobile activities.
Per a press release that LG issued on November 30 –
LG is also appointing Dr. Park Il-pyung as the company's new CTO. Dr. Park was previously acting as the head of LG's Software Center, and prior to that, was the CTO at Harman International and leader of the Intelligent Computing Lab at Samsung's Advanced Institute of Technology (that just recently announced impressive new battery tech using graphene).
All of the new appointments will go into effect starting December 1, with promotions following on January 1, 2018.
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