LG announced several changes to its business, including the appointment of several new executives.
Jong-seok Park, who served as president and CEO of LG Mobile Communications, is being replaced by Juno Cho. Cho was most recently the president of LG Corp, LG Electronics’ holding company. Park is being moved to the newly created position of Chief Technology Advisor.
LG also said it will merge of its Home Appliance and Air Conditioning & Energy Solution business units to create a consolidated LG Home Appliance & Air Solution Company. LG shuffled about a dozen other executives throughout its top ranks. All the changes are effective December 1.
