LG chairman Kwang-Mo Koo conducts “Innovation in Stability” greeting … Appointment of CEOs and Young Executives

[한국금융신문=정은경 기자] this year Gwangmo GucloseGwangmo GuCollect articles The key word for the human resources of the president of LG is “Innovation in stability”.

President Koo chose “stability” by keeping most of the CEOs (CEOs) of the major affiliates, but he continued to change generations by selecting young talent for executives. In addition, the company is trying to “innovate” by increasing the percentage of female executives and actively recruiting outside talent.

■ Choose to be stable in crisis ‘Old and new harmony‘ build

LG Group delivered executive greetings in 2021 through the board of directors of each of the major affiliates for two days on 25 and 26.

First of all, most of the four vice presidents, who received the most attention, have been retained. but, Ha Hyeon-hoecloseHe has Hyeon-hoeCollect articles LG U + Vice President has decided to retire due to the expiration of his term. The new head of LG U + Hwang HyunsikcloseHyeonsik HwangCollect articles The president of the consumer sector was recently appointed.

The CEOs of major affiliates such as LG Electronics, LG Display, LG Innotek and LG CNS have been retained. Jong-Hyun Kim, head of LG Chem’s battery business division, was recently named the new CEO of LG Energy Solutions, a new company to be launched following the separation from LG Chem. Jae-cheol Ryu, vice president of LG Electronics’ H&A business division, and Nam-cheol Nam-cheol, head of LG Chem’s high-tech materials business division, have been appointed to head the new business division.

The LG group explained: “A person who focuses on ‘innovation in stability’ through harmony between old and new, such as promoting management stability in preparation for the growing uncertainty in the domestic and foreign business environment caused by Corona 19 , etc.”

■ CEO Withheld, Promote young talents ‘Pragmatism‘ reflection

This executive salute can be seen as a reflection of President Kwang-mo Koo’s “pragmatism”.

Externally, most of the experienced Vice Presidents and CEOs were selected to strengthen their crisis-proofing capacity, but executives were recruited and employed in a large number of young talent, giving them the opportunity to discover future businesses.

In fact, in a business briefing session with the CEOs of the affiliates, President Koo stressed that “the qualitative change and qualitative growth that customers can actually experience is important.” He constantly asked to “be selected and fed”.

LG Group recently appointed 124 CEOs this year. Of these, 24 are new executives under the age of 45.

In particular, we have selected talented people who have achieved results in the area of ​​digital transformation that LG is accelerating, such as AI, big data and the cloud, which are the basis for future preparation. In addition, in order to ensure technological leadership as the development of convergence technology, the promotion staff for young talents who have achieved results in R&D and engineers was also expanded.

■ Expansion of female executives and recruitment of external talent ‘innovation‘ Keep it going

In the case of female executives, 15 people who are the most promoted in history were produced and the expansion of female executives has continued. As a result, the number of female executives in LG increased by 12 from last year (39) to 51. The percentage of female executives among all LG executives also increased to 5.5%.

Additionally, he has promoted female executives in various roles such as strategy, marketing, technology, research and development, manufacturing, and customer service. Most notably, LG Uplus recently hired Eun-jung Ko, who joined as a customer center consultant. LG Chem, along with two companies, LG Display and LG Uplus, also selected the first female executive director at the life sciences division level.

Also, President Koo was Shin Hak-cheolcloseShin Hak-cheolCollect articles LG Chem CEO Lee Chang-yeop, LG H&H’s New Avon subsidiary and 29 outside talents have been recruited to break away from pure blood.

A total of 23 external talents have been recruited this year and efforts are being made to strengthen their professional skills. This year, LG CNS Chief Strategy Officer (CSO, Vice President), Hyung-Bong Yoon, President of TmaxSoft’s Global Business Division, and Seong-Woo Heo, CEO of Lotte BP Chemical and CEO of BP Korea, as Global Business Promotion Manager (Vice President) of the Petrochemical Business Division of LG Chem. done.

Reporter Jeong Eun-kyung [email protected]