LG Electronics opened two new organizations under the direct control of its chief executive officer that will focus on bolstering its robot and self-driving solution businesses.
The new organizations were created as part of a regular reshuffle which promoted 56 executives. LG Electronics said it decided to bring some changes to the structure as well to reflect its business strategy.
The South Korean tech giant said it opened the robot business center and the self-driving team in line with efforts to foster new growth engines.
The new robot center will focus on developing new robotic products and services. The organization will bring together staff from various robot-related teams throughout the company.
The self-driving business team will make long-term investments related to emerging technologies, the company added.
The tech giant said it will also open the North America Research & Development Center, which will incorporate different research bodies in the United States and Canada.
The company also replaced the head of its money-losing mobile communication business.
Brian Kwon, currently president of LG’s Home Entertainment Company, will also assume leadership of the Mobile Communications (MC) Company. Mr. Kwon played a critical role in transforming LG’s TV, audio and PC business into category leaders. Current MC Company president Hwang Jeong-hwan, who was brought in a year ago and bolstered the operation’s quality assurance and product development efficiency, will focus fully on his other role as head of LG’s Convergence Business Development Office.
To enhance its successes in the commercial sector by focusing additional resources on finding solutions, LG's Vehicle Components Company will be renamed the Vehicle Component Solutions (VS) Company and the Business-to-Business Company will become the Business Solutions (BS) Company going forward. Executive vice president Kim Jin-yong, who heads the Vehicle Components Company’s fast-growing smart business efforts in intelligent driving and vehicle connectivity, will assume the role of president of the newly expanded VS Company.