LG today announced a number of new executive appointments as it realigned some of its business units. On the mobile side, Juno Cho, the President of LG Corp., LG Electronics’ holding company, will take on the role of President and CEO of the LG Mobile Communication Company. He will succeed Dr. Jong-seok Park who will take on the new role of Chief Technology Advisor.
While the LG press release sheds little light on the reason for the change, CNET reports that Park is suffering from some unspecified health issues. He led the LG mobile division back into the black earlier this year thanks in part to the success of the LG G3 flagship. LG’s market share in North America more than doubled over the past year to hit 16.3 percent according to Strategy Analytics in Q3 2014.
Cho is not new to LG’s mobile operations. He headed up LG’s mobile business strategy and sales and marketing for North America from 2000 to 2007.
Among the other management appointments announced, Bong-suk Kwon, head of the Synergy Division of LG Corp., will become Executive Vice President and CEO of the LG Home Entertainment Company. He had previously been involved in the development of the LG G series smartphones as the head of LG’s product planning division in the LG Mobile Communications Company.