LG Appoints New CEO to Head of Troubled Electronics Division

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LG Appoints New CEO to Lead Electronics Business Starting Dec. 1, the current Chief Strategy Officer, William Cho, will replace Bong-seok Kwon as CEO of LG Electronics. Meanwhile, according to The Korea Herald, Kwon will head the main holding company. of LG Cho has been working with LG Electronics since 1987 before taking on his most recent role.

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He served as president of LG Canada and later held similar roles at LG Australia and LG USA.

Cho is taking the reins of LG Electronics at the company's turning point. It just closed its mobile division in July after the unit failed to turn a profit in 23 straight quarters. At this point, LG Electronics is perhaps best known for its TVs and monitors. But there is fierce competition from Samsung and several Chinese competitors as well.

However, Cho will be assisted by a handful of executives at the company's reshuffle. Most notably Ik-hwan Jang, who is rising to the top of the company's Business Solutions unit. Zhang was recently responsible for overseeing LG's IT business portfolio, where he helped LG become a powerhouse in the display space.
 
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