LG says the the merger of the two businesses will strengthen the company’s ability to provide total solutions for the home based on LG’s proprietary core technologies.
Seong-jin Jo, current president and CEO of the LG Home Appliance Company, will assume responsibility of the newly created Home Appliance and Air Solution (H&A) Company.
Other realignments are designed to strengthen LG’s competitiveness in the business-to-business (B2B) sector. Hwan-yong Noh, current president and CEO of the LG Air Conditioning & Energy Solution Company, will take on the new role of B2B officer to position LG as a leader in the commercial sector, which includes information displays, commercial air conditioning systems and energy-related initiatives.
Executive vice president Sang-bong Lee will lead the LG Energy Business Center, a new division created from the strengths of three existing businesses: Solar, Lighting and Energy Storage System (ESS).