Organisational Change 163w27

LG Electronics

is a global electronics company headquartered in Yeouido, Seoul,

South Korea. LG Electronics is the world's second-largest manufacturer of Television sets and third-largest producer of mobile phones It is the flagship company of LG Group, one of the world's largest electronic conglomerates. The company has 75 subsidiaries worldwide that design and manufacture televisions, home appliances, and telecommunications devices. LG Electronics owns Zenith Electronics and controls 37.91 per:cent of LG Display

Recent changes in LG: COMPANY OVERVIEW LG Electronics U.S.A., Inc. sells home appliances, entertainment products, mobile communications products, and business solutions in the United States. The company provides televisions, DVD players and recorders, home theatre systems, audio systems, refrigerators, cooking gas ranges, built in ovens, cook tops, microwave ovens, dishwashers, washers, dryers, air conditioners, and humidifiers. It also offers computer products, including monitors and optical media products. In addition, the company provides mobile phone accessories, such as batteries, Bluetooth, cables, chargers, headsets/hands free, and software; SuperSign, a suite of digital signage solutions; and video conference systems. The company was incorporated in 1978 and is headquartered in Englewood Cliffs, New Jersey. It operates training facilities in Rancho Cucamonga, California; and Atlanta, Georgia. LG Electronics U.S.A., Inc. operates as a subsidiary of LG Electronics Inc.

KEY DEVELOPMENTS FOR LG ELECTRONICS U.S.A., INC . LG Electronics U.S.A., Inc. Appoints Kevin McNamara as Vice President of Commercial Air Conditioning

Industry veteran Kevin McNamara has been named vice president of Commercial Air Conditioning for LG Electronics USA. McNamara, who brings more than two decades of experience to his new role at LG, will be responsible for managing and leading LG's commercial, residential and applied air conditioning business in the United States. McNamara reports to Senior Vice President James Lee, who leads the LG Electronics USA's Air-Conditioning & Energy Solutions business unit. LG Electronics USA also announced that Darren Gibula, a 10-year air conditioning industry veteran, has been appointed operations director for Commercial Air Conditioning, reporting to McNamara. Gibula and McNamara will be based in the company's U.S. air conditioning headquarters in Alpharetta, Ga. McNamara ed LG Electronics from Carrier Corporation, where he was most recently Region General Manager, based in Dallas. During his four-year tenure there, McNamara helped develop go-to-market strategies to increase the company's Commercial Applied market share, overall business margins, employee engagement and customer satisfaction. Gibula, whose responsibilities will include overseeing daily operational performance of CAC's customer service, order management, technical , inventory, training, facilities management and business process improvement efforts, s LG Electronics USA from Carrier Corporation, where he held key operations, logistics, distribution and supply chain positions since 2000. His previous experience includes quality management and consulting positions with Pratt & Whitney, Computer Sciences Corporation and Andersen Consulting. LG Electronics U.S.A., Inc. Unveils 'HD Sound Bar', Subwoofer Duo

LG Electronics U.S.A., Inc. has unveiled the LG "HD Sound Bar," a home theater accessory designed to elevate audio performance, complement LG's advanced flat displays and deliver a superb home theater experience. Shown publicly for the first time at its CES Sneak Peek in New York City and available early next year, the LG HD Sound Bar enhances the audio output of an HDTV by adding additional speakers and subwoofer capabilities to produce powerful 2.1 channel virtual surround sound. The LSB316 includes six speaker

drivers housed in a sleek, stylish speaker bar which can be placed directly below the TV or wall mounted. The bar is accompanied by a wireless subwoofer which can be conveniently placed out of sight while delivering deep, rich bass. The HD Sound Bar's slim design allows for easy wall mounting, which matches up perfectly with a 42-inch class screen, one of the most popular class sizes sold in the United States. The LSB316 also includes Bluetooth capability which allows the to wirelessly stream music from their Bluetooth-enabled smart phone, tablet PC or MP3 player to the bar and enjoy the high quality audio performance. The Bluetooth Features include: Sound - 2.1 Channel, 280-watt output; Wireless Active Subwoofer, Front Firing Subwoofer; LG Sound Gallery (Professional DSP); Natural EQ, Bass Blast, Clear Voice, VSM (Virtual Surround Matrix) Plus, Game EQ, MP3 Up-Scaling, Night Mode; Design - 42-inch class TV size matching; Slim Design (height 80mm, depth 50mm); Capable for wall mounting or table display; 2.5-inch Parabola speakers with silk dome tweeter; and Convenience - Bluetooth 2.1 TX/RX; 2 Optical In, TV Sound ez Set-up; One portable Audio in; USB Host (MP3/WMA playback); and MPEG2 AAC . LG Electronics U.S.A., Inc. Announces Executive Changes; Establishes Separate U.S. Sales and Operations Organizations for Home Entertainment and Home Appliance Business Units

LG Electronics Inc. announced organizational changes in the United States, refocusing operations on key business units. Wayne Park has been named President of LG Electronics USA, Inc. (LGEUS), in addition to his broad regional responsibilities. A 28-year LG veteran, Park has been head of LG Electronics North America since January. Current LGEUS President James Shad is leaving the company in December. Shad ed LG in 2008 as Executive Vice President. Jay Vandenbree has been named head of the LGEUS Home Entertainment business unit. Vandenbree has been Senior Vice President, Sales, for LGEUS since May 2010. He ed LG in September 2009 as Senior Vice President, U.S. Go-toMarket Operations. Previously, in his 23-year career at Sony Electronics, Vandenbree held key sales operations positions, most recently President of Consumer Sales since 2006. Sam Kim has been named head of the LGEUS Home Appliance business unit. An LG veteran since 1988, Kim's extensive North American experience includes serving as head of the U.S. OEM Appliance Division, as well as key product management positions in the U.S. and Canada. Since January, Kim has served as North American Regional Business Leader for

refrigerator products. The existing sales and sales operations functions will be redeployed within these business units reporting to Kim and Vandenbree respectively. In other management changes, Y.K. Cho, currently Regional Business Leader for LG North America Business Solutions, will lead the LGEUS Commercial Displays business unit. Commercial Products Vice Presidents Ron Snaidauf (hospitality) and Jeff Dowell (digital signage) will report to Cho. James Lee will lead the LGEUS Air-Conditioning and Energy Solutions business unit, with Solar Vice President Geoff Slevin reporting to him. Senior executives Peter Reiner (Marketing), Ron Kitlas (Human Resources), BK Yoon (B2B OEM), and JD Han (istration) will lead region-wide initiatives for their respective functions. The company announced the reorganization, which includes establishing separate U.S. sales and operations organizations for the Home Entertainment and Home Appliance business units. INTERNATIONAL:. The Board of Directors (BOD) of LG Electronics (LG), a global leader and technology innovator in consumer electronics and appliances, today announced strategic changes to the company’s structure to position the organisation to take better advantage of the business environment as the recession gives way to recovery. The changes announced today will go into effect on 1 January 2010. The organisational changes were initiated to allow the company to take better advantage of the global business environment in the coming years. For example:, moving the nascent solar business operation to the Air Conditioning (AC) Company from under the R&D umbrella of the CTO’s office will give the renewable energy business new opportunities for rapid growth. LG plans to strengthen its business-to-business capabilities to increase its focus on being a top solution provider in tomorrow’s challenging environment. The Commercial Air Conditioning (CAC) business team is being expanded into a separate division as part of the AC Company’s plan to enhance its business-to-business capabilities. BB Hwang, 55, currently executive vice president (EVP) and chief executive for LG’s Business Solutions Company, has been appointed to head the newly created Customer Relationship Division.

He will continue to report directly to CEO Yong Nam. The new chief executive of the Business Solutions Company will be Soon-hwang Kwon, 51, currently SVP and chief executive of LG’s Australia subsidiary. Other new appointments to top management positions include three chief executives for North America, China and Korea operations. Wayne Park, 50, currently EVP and head of LG Korea, and Choong-bong Cho, 55, formerly head of LG’s China subsidiary, were named chief executives for the North America and China Regions, respectively. Kyung-joon Park, 51, was promoted to senior vice president (SVP) and chief executive for Korea, replacing Wayne Park. Nam also appointed 31 new vice presidents and promoted seven SVP’s. LG also appointed five non-Koreans to head up overseas subsidiaries: James N. Shad for the United States, Eric Surdej for , Bjorn Drablos in Sweden, Bjorn Berg Andersen for Benelux and Eric Agius in Canada. LG continues its push to globalize its operations in order to enhance its market leadership by leveraging international talent, a strategy initiated by Nam in 2007.

Organisational change: LG Electronics announced strategic changes to its structure to position the organization to take better advantage of the global business environment in the coming years. The company said that the changes will go into effect on January 1, 2010. The company named Hwang to head the newly created Customer Relationship Division. The company said that Hwang will continue to report directly to Chief Executive Officer Yong Nam. The new chief executive of the Business Solutions company will be Soon-hwang Kwon, currently SVP and chief executive of LG's Australia subsidiary. The company also announced appointment of Wayne Park and Choong-bong Cho as chief executives for the North America and China Regions respectively. The company said that Kyung-joon Park was promoted to senior vice president and chief executive for Korea, replacing Wayne Park.

Nam also appointed 31 new vice presidents and promoted seven Senior Vice Presidents. LG also appointed five non-Koreans to head up overseas subsidiaries namely James Shad for the United States, Eric Surdej for , Bjorn Drablos in Sweden, Bjorn Berg Andersen for Benelux and Eric Agius in Canada.