Other major appointments are two new business unit CEOs, a new CFO, a new Head of Korea Sales & Marketing Operations and 26 other executives.

Nam shared his vision and New Years message with employees this week. He focused on LG Electronics goal of becoming a global top three player in all of its business areas, as defined in terms of revenue, market share, profitability, growth rate and shareholder return.

To achieve this objective, Nam emphasised the theme of value creation for shareholders, customers and employees. He encouraged employees to be more strategic and result-oriented, and to change to a customer- and market-focused mindset. Nam also vowed to make LG Electronics a more inspirational working place that attracts more top global talent. 

These changes signify LG Electronics effort to continue to enhance the global presence of the LG brand and to maximise profitable growth. The newly-appointed team is expected to achieve improved results for the organisation in terms of business performance. In particular, LG Electronics will focus on securing profitable and sustainable growth in the mobile handset and display sectors.