LG reshuffles executives, renews technology focus

By Kim Tong-hyung

The LG Group of companies announced a major reshuffling of top-level managers on Friday, which it said represents an attempt to inject new life into its technology business and make progress in holding executives accountable for performance-based outcomes.

The most notable changes took hold at LG Electronics, the group’s electronics unit that is reeling from its declining presence in its main markets of consumer electronics and mobile phones.

Noh Hwan-yong, the head of LG Electronics’ air conditioning and energy solutions division, was promoted to president and will serve as a key lieutenant to Koo Bon-joon, the brother of LG Chairman Koo Bon-moo who replaced the Nam Yong as LG Electronics’ chief executive officer (CEO) earlier this year.