Friday, October 09, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ITC Says Samsung Did Not infringe Nvidia's Patents
Firefox To Switch Away From Plugins
ARCHOS and Sikur Ensure Your Privacy with GranitePhone
Apple Removes Apps From Online Store
PC Shipments Kept Falling In 3Q
Apple Says Battery Tests For iPhone 6s Lineup May Be Misleading
Qualcomm Showcases 24-core Server Chip
AT&T Customers Allowed To Make Calls Over Wi-Fi
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > LG Elec...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, December 19, 2008
LG Electronics Announces Changes To Focus On Solutions

The Board of Directors at LG E

At the core of LG?s reorganization is an increase in its focus on business solutions for tomorrow?s challenging environment. The company?s business portfolio has been restructured to maximize growth potential in existing businesses while at the same time fully developing new ones.

"Our business will be perfectly positioned to address tomorrow?s challenges as a result of these changes," said Yong Nam, Vice Chairman and CEO of LG Electronics. "This strategy will enable us to capture even more of the ever-expanding commercial market. It will also help LG expand the value chain from device (hardware) to solutions and allow us to better address the lifestyle needs of our current and future customers."

In addition to the changes to the company?s business units, Mr. Nam also appointed or promoted 48 new executives as part of his sweeping plan to position LG for long-term business success.

At the core of LG?s strategy is a re-alignment of the company?s four traditional business units ? Digital Appliance (DA), Digital Display (DD), Digital Media (DM) and Mobile Communications (MC) ? into a new structure that include Mobile Communications and four completely new units ? Home Entertainment (HE), Home Appliance (HA), Air Conditioning (AC) and Business Solutions (BS):

Home Entertainment Company

HE will be the business unit focusing on technology related to televisions, PDP modules and audio-video products. The Company will be formed from units of both Digital Display and Digital Media. Simon Kang -- formerly Executive Vice President and CEO of LG Digital Display ? was appointed President and CEO of the newly created Company.

Home Appliance Company

The HA unit will focus on refrigerators, washing machines, kitchenware and other domestic appliances. Young Ha Lee, formerly President of CEO of LG Digital Appliance, has been tapped to run LG Home Appliance.

Air Conditioning Company

LG?s successful air conditioning operation will be spun-off from the company?s DA business to focus exclusively on commercial and residential conditioning, home network (HomeNet) business and building management system (BMS). Executive Vice President Hwan Yong Nho, formerly head of the air conditioning division at DA, has been named CEO of the new Company.

Business Solutions Company

This new unit will provide customers with integrated solutions that take advantage of LG?s expertise in hardware, software, content and systems. LG?s Business Solutions will focus on commercial (B2B) monitors, hotel TVs, digital signage, security and telematics. B.B. Hwang, Executive Vice President and CEO of the Digital Media unit, will take over in the same capacity at LG Business Solutions.

Mobile Communications Company

LG?s well-regarded Mobile Communications unit, a critical part of the company?s future strategy, will continue in its present form. Dr. Skott Ahn, formerly Executive Vice President and CEO, will lead the business unit in his new role as its President and CEO.

Joost Discontinues the Joost Software Application        All News        OCZ Unveils 2000MHz Triple Channel Memory Kits for Intel Core i7 Processors
Joost Discontinues the Joost Software Application     General Computing News      Panasonic and Sanyo Finally Agree to Capital and Business Alliance

Get RSS feed Easy Print E-Mail this Message

Related News
LG Triples OLED TV Line-up, Slashes Prices
LG V10 Smartphone Announced With Enhanced Camera Features
LG Debuts Windows 10 'Gram' Series Of Laptops In The U.S.
LG Teases With New Smartphone Video
LG Display To Produce Foldable Displays For Smartphones: report
LG Electronics to Release New G Pad II Tablet, New Smartphones
LG To Showcase Rollable TV In 2016
LG Bets On OLED's Success, Showcases Innovative Prototypes At IFA2015
LG To Offer Amazon Titles In HDR On webOS Smart TV Platform
LG To Upgrade WebOS Smart TVs, Demos HDR Content
New LG Luxurious Urbane Smartwatch To Appear at IFA
LG Develops Full-Size Keyboard For Pockets

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .