LG's mobile division has been losing money for a while, and according to a new press release from the company today, it doesn't look like things are getting any better. According to LG, it's appointing a new head of its mobile division.
The current head of LG's mobile operations, Hwang Jeong-hwan, will now focus on his other role within the company as the head of LG's Convergence Business Development Office. In his place, Brian Kwon will take over.
Kwon is currently serving as the president of LG's Home Entertainment Company (aka the head of the company's TV business). Per LG:
Mr. Kwon played a critical role in transforming LG's TV, audio and PC business into category leaders and his knowledge and experience in the global marketplace will be instrumental in continuing LG's mobile operations turnaround.
A new person leading a company's mobile activities is always a big deal, but it's especially interesting in this case seeing as how Hwang Jeong-hwan was just appointed on January 1.
Along with all that, LG also announced some changes with its CEO:
Under the new structure, LG Electronics CEO Jo Seong-jin will focus more on strategy and planning for the future by assigning more of his day-to-day responsibilities to president and CFO David Jung. Mr. Jung will take over responsibility for LG's business support operations from the CEO which includes supervision of the company's support operations at all Korean facilities as well as functions such as corporate security and communications.
These new changes are set to go into effect on December 1, 2018.
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