LG restructures to boost efficiency and ‘high-growth’ areas beyond TV and mobile

LG Electronics has announced major top-level executive changes designed to make the company stronger and more nimble. It’ll now be led by three representative directors: Jo Seong-jin, president and CEO of the home appliances division; Juno Cho, president and CEO of the mobile business; and David Jung, overall president and CFO.

With this decision, these three executives will now have “more independence and responsibility to facilitate rapid decision-making,” and LG Electronics’s four companies will also gain greater autonomy, according to the firm. The present CEO and vice chairman of LG Electronics, Koo Bon-joon, is going to an unspecified leadership role at the LG Corp parent company.

LG’s mobile division has been performing poorly…

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