LG Reshuffles Executive Positions

LG Electronics Wednesday appointed 42 new executives including chief finance and chief technology officers.

LG promoted Nam Young-woo, vice president of holding company LG Corp., as president and CEO in charge of its Southeast and West Asia region.

Paik Woo-hyun, currently chief technology adviser, will succeed Lee Hee-gook as its chief technology officer. Lee will be transferred to Siltron, an affiliate company, as CEO. Jung Do-hyun, currently head of finance team of LG Corp. will become the chief finance officer.

The firm also appointed Thomas Linton, currently vice president and CPO of Freescale Semiconductor, as chief procurement officer, which is a new position at LG.

Linton will be LG's second foreigner in the ``C-suite'' executive class, along with Dermot Boden, the chief marketing officer who was formerly head of Pfizer's Northeast Asia region.

``The latest reshuffle signifies LG's efforts to take their business to the next level by becoming a more achievement-oriented organization,'' the company said in a statement. ``In recruiting these new executives, LG looked both domestically and internationally to identify leaders that can help it deliver on its global promise.''