LG has once again made a major change to its management,media reported. Brian Kwon, who is currently in charge of LG’s mobile communications and home entertainment division, will officially become LG’s chief executive on December 1. Kwon was the head of LG’s TV business. When the company’s management changed in 2018, he was transferred to the troubled mobile business.
With the CEO, Kwon’s previous positions will be taken over by Park Hyoung-sei, president of home entertainment, and Morris Lee, president of the mobile communications division. Over the past few years, LG has moved management on more than one occasion on a large scale.
Kwon was replaced in 2017 after the company appointed Hwang Jeong-hwan as president of the mobile business in the hope of boosting the sector’s competitiveness. Under Kwon’s leadership, LG’s mobile business struggled to narrow its division losses in the third quarter of 2019. While the task of making the division profit now falls on Morris Lee’s shoulders, LG says the company’s focus in the future will be on more promising smart home products.