LG ANNOUNCES ORGANIZATIONAL CHANGES TO PROPEL FUTURE VISION 2030
LG Electronics announced strategic organizational changes to accelerate its 'Future Vision 2030' strategy. The company is restructuring into four main divisions: Home Appliance Solution (HS), Media Entertainment Solution (MS), Vehicle Solution (VS), and Eco Solution (ES) Companies. The restructuring aims to maximize business potential, strengthen platform-based services, and accelerate B2B initiatives. A notable change includes establishing the ES Company to focus on HVAC business growth. The company is also integrating display-based operations and relocating growth engines to create better synergies. All changes take effect December 1, with promotions effective January 1.
LG Electronics ha annunciato cambiamenti organizzativi strategici per accelerare la sua strategia 'Future Vision 2030'. L'azienda si sta ristrutturando in quattro divisioni principali: Home Appliance Solution (HS), Media Entertainment Solution (MS), Vehicle Solution (VS) e Eco Solution (ES) Companies. La ristrutturazione ha l'obiettivo di massimizzare il potenziale aziendale, rafforzare i servizi basati su piattaforme e accelerare le iniziative B2B. Una modifica importante prevede la creazione dell'ES Company per concentrarsi sulla crescita del business HVAC. L'azienda sta anche integrando le operazioni basate su display e spostando i motori di crescita per creare migliori sinergie. Tutti i cambiamenti entreranno in vigore il 1° dicembre, con le promozioni che saranno effettive dal 1° gennaio.
LG Electronics anunció cambios organizativos estratégicos para acelerar su estrategia 'Future Vision 2030'. La compañía se está reestructurando en cuatro divisiones principales: Home Appliance Solution (HS), Media Entertainment Solution (MS), Vehicle Solution (VS) y Eco Solution (ES) Companies. La reestructuración tiene como objetivo maximizar el potencial comercial, fortalecer los servicios basados en plataformas y acelerar las iniciativas B2B. Un cambio notable incluye el establecimiento de la ES Company para enfocarse en el crecimiento del negocio de HVAC. La compañía también está integrando operaciones basadas en pantallas y reubicando motores de crecimiento para crear mejores sinergias. Todos los cambios entrarán en vigor el 1 de diciembre, con promociones efectivas a partir del 1 de enero.
LG 전자는 'Future Vision 2030' 전략을 가속화하기 위한 조직 개편을 발표했습니다. 이 회사는 Home Appliance Solution (HS), Media Entertainment Solution (MS), Vehicle Solution (VS), 그리고 Eco Solution (ES) 회사의 네 가지 주요 부문으로 재편성되고 있습니다. 이번 재편은 비즈니스 잠재력을 극대화하고 플랫폼 기반 서비스 강화하며 B2B 이니셔티브를 가속화하기 위한 것입니다. 주목할 만한 변화 중 하나는 HVAC 비즈니스 성장을 중심으로 ES 회사를 설립하는 것입니다. 또한 디스플레이 기반 운영을 통합하고 성장 엔진을 재배치하여 더 나은 시너지를 창출하고 있습니다. 모든 변경 사항은 12월 1일부터 시행되며, 승진은 1월 1일부터 효력이 발생합니다.
LG Electronics a annoncé des changements organisationnels stratégiques pour accélérer sa stratégie 'Future Vision 2030'. L'entreprise se restructure en quatre divisions principales : Home Appliance Solution (HS), Media Entertainment Solution (MS), Vehicle Solution (VS) et Eco Solution (ES) Companies. Cette réorganisation vise à maximiser le potentiel commercial, à renforcer les services basés sur des plateformes et à accélérer les initiatives B2B. Un changement notable comprend l'établissement de l'ES Company pour se concentrer sur la croissance de l'activité HVAC. L'entreprise intègre également des opérations basées sur l'affichage et déplace les moteurs de croissance pour créer de meilleures synergies. Tous les changements entreront en vigueur le 1er décembre, les promotions prenant effet le 1er janvier.
LG Electronics hat strategische organisatorische Änderungen angekündigt, um die 'Future Vision 2030' Strategie zu beschleunigen. Das Unternehmen wird in vier Hauptdivisionen umstrukturiert: Home Appliance Solution (HS), Media Entertainment Solution (MS), Vehicle Solution (VS) und Eco Solution (ES) Companies. Die Umstrukturierung zielt darauf ab, das Geschäftspotenzial zu maximieren, plattformbasierte Dienste zu stärken und B2B-Initiativen zu beschleunigen. Eine bemerkenswerte Änderung ist die Gründung der ES Company, die sich auf das Wachstum im HVAC-Geschäft konzentrieren soll. Außerdem integriert das Unternehmen displaybasierte Operationen und verlagert Wachstumsmotoren, um bessere Synergien zu schaffen. Alle Änderungen treten am 1. Dezember in Kraft, die Beförderungen werden am 1. Januar wirksam.
- Creation of dedicated ES Company to strengthen HVAC business growth potential
- Strategic integration of display-based operations for improved synergy
- Expansion of webOS platform across multiple product categories
- Enhanced focus on B2B operations through new organizational structure
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Strategic Restructuring to Enhance Synergy and Drive Growth in Key Business Areas
The restructuring focuses on regrouping LG's business operation units* to maximize the potential of existing businesses, strengthen platform-based service operations, accelerate B2B initiatives and secure new growth engines in promising sectors. These changes are designed to enhance efficiency through the strategic selection and concentration of capabilities, thereby creating greater synergy between businesses and bolstering future competitiveness.
To spearhead this transformation, LG has appointed skilled individuals with exceptional expertise, emphasizing the enhancement of the company's long-term competitiveness through the development of high-performing organizations.
Key Changes in Business Structure
A new Company will be established to bolster the growth of the heating, ventilation and air conditioning (HVAC) business, a crucial component of LG's B2B acceleration strategy. The Overseas Sales & Marketing Company will now function as the overseas B2B control tower. Additionally, display-based operations – including TVs, monitors and signage – will be integrated to foster synergies and expand platform-based service businesses. New growth engines will be strategically relocated to Companies with greater business relevance, ensuring more stable support and creating synergies across business areas.
All four Companies will now incorporate "Solution" in their names, reflecting LG's evolution into a Smart Life Solution provider that connects and enhances customer experiences across various environments, including homes, commercial spaces, mobility and virtual platforms.
Restructuring of Companies
LG has restructured its four Companies into the Home Appliance Solution (HS) Company, the Media Entertainment Solution (MS) Company, the Vehicle Solution (VS) Company and the Eco Solution (ES) Company. This reorganization redefines their roles and identities within LG.
The H&A Company will be renamed HS Company to align with its vision of "Zero Labor Home, Makes Quality Time." To support this vision, LG will move the Platform Business Center – responsible for the planning, development and operation of LG ThinQ – directly under HS Company. This strategic realignment aims to establish HS Company as a leader in AI solutions across diverse spaces, including homes, commercial areas and vehicles, effectively addressing customer needs outside traditional home settings. Furthermore, HS Company will incorporate the Robot Business Division from the BS Company to integrate core robot technologies into its home robot solutions. Lyu Jae-cheol will continue to lead HS Company.
The HE Company will change its name to MS Company to align with its goal of becoming a media and entertainment platform powerhouse. It will integrate the Information Display business and Information Technology business from the BS Company with its TV business to create synergies in hardware and platform operations. Park Hyoung-sei will continue to lead the MS Company, driving its transformation into a media and entertainment platform.
The MS Company will accelerate the expansion of platform-based service business areas by broadening the application of webOS, which was primarily used in smart TVs, to monitors, signage and in-vehicle infotainment systems. webOS will evolve into an integrated content and services platform for both indoor and outdoor use, enhancing competitiveness through synergy and improved business structure.
The VS Company will clarify its role by changing its name from Vehicle component Solutions Company to Vehicle Solution Company, emphasizing its commitment to providing innovative solutions across the entire automotive ecosystem. Eun Seok-hyun will continue to lead the company.
The ES Company has been newly established. The HVAC business, previously part of the H&A Company and a significant contributor to LG's B2B growth, will now operate as a standalone entity under the ES Company. Lee Jae-sung, the current head of the Air Solution Business Division, will lead the ES Company, ensuring continuity in the HVAC business and maintaining its strategic direction.
Given the project-based nature of the HVAC business and the specific characteristics of the market and its customers, LG has determined that operating it as an independent Company will maximize future competitiveness and growth potential. With the establishment of the ES Company, LG aims to position itself as a global leader in comprehensive air solutions.
Additionally, the ES Company will assume responsibility for the electric vehicle charging business from the BS Company and play a pivotal role in driving B2B growth within the clean tech sector, one of LG's key future growth engines.
Meanwhile, to enhance the competitiveness of overseas B2B operations, LG will establish the B2B Business Capability Enhancement Division under the Overseas Sales & Marketing Company.
The Chief Strategy Office (CSO), acting as LG's future strategy control tower, will also oversee AI acceleration and respond to global AI developments. The Chief Digital Office, previously responsible for digital transformation, will be reorganized into the DX Center and transferred directly under the CSO. The DX Center will focus on driving business performance through generative AI technologies and will be led by Cho Jung-bum.
The executive appointments emphasize the selection of diverse talents with proven expertise in sales, services and R&D. Jung Pil-won, currently leading the TV Overseas Sales & Marketing Group, has been appointed as the MEA Region Representative, recognizing his extensive experience in overseas sales management and his deep understanding of the Middle Eastern and African markets. Additionally, Kim Jung-ho, Kim Yoo-seon and Choi Jung-won, who head the subsidiaries in
All appointments are effective December 1, with promotions taking effect on January 1.
* LG's major business operation units are called "Companies."
About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG's four Companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global revenue of over
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SOURCE LG Electronics
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