LG selects many young talents … Accelerated promotion of future businesses

LG Group concluded the ‘Executive Greetings 2021’. The old and new harmonization is assessed to have been achieved in preparation for management uncertainty, while the majority of CEOs were retained.

On the 26th, the LG Group held an ‘executive greeting 2021’ through the board of directors for each affiliate of the previous day.

The most important characteristic of this executive staff is to accelerate the promotion of growth projects to prepare for the future by hiring a large number of young talents, including the promotion of 124 new executives.

In addition, the majority of CEOs were retained and management stability was promoted in preparation for increased uncertainty in the domestic and foreign business environment caused by Corona 19, etc. It focuses on “innovation in stability” through harmony between old and new.

In the fast-growing business of the future, by boldly selecting young talents with competitive advantage and providing opportunities to them, they take a strong momentum into the business by inertia, while retaining more experienced executives to strengthen their capacity. to overcome crises and build a solid foundation for sustainable growth. It is interpreted as a greeting that reflects the ‘pragmatism’ of LG President Kwang-mo Koo.

In fact, Chairman Koo emphasized, “The quality change and qualitative growth that customers can experience are important” through business briefings held with the CEOs of affiliates until recently, saying: “The ability executive leadership and experience to lead future growth and change. We will continue to call for the selection and training of talented people. “

This year, LG has a total of 181 executives, including 177 promotions and four new CEOs and heads of business divisions. In 2019, the total number of executives, including 165 promotions, was 168.

In addition to the executive greetings at the end of the year, 23 external talents were recruited throughout the year as executives, and staff with growth potential and field experience regardless of age, gender and career were emphasized.

◆ Early placement of young talents to prepare for the future

To prepare for the future, LG recently appointed 124 CEOs, an increase from 106 last year, and deployed young and energetic talent everywhere, who can respond agilely and flexibly to changes based on tenacity to the clients.

Among them, 24 new executives under the age of 45 are increasing, after 21 each in the last two years. The youngest executive is Ji-kyung Ji-kyung, head of LG H & H’s China Digital Business Division, a 37-year-old woman. After last year, this year a total of three new executives born in the 1980s were selected.

We also select talented individuals who have made achievements in the area of ​​digital transformation that LG is accelerating, such as AI, big data and cloud, which are the foundation for future readiness. In addition, in order to ensure technological leadership, such as the development of convergence technology, the promotion staff was expanded to young talents who have made achievements in the fields of R&D and engineering.

In particular, it boldly selected talents in future growth business fields that achieved change and innovation. As a result of preparing for the future without giving up after starting battery research in the mid-1990s, 12 new executives were selected from LG Energy Solutions, which is scheduled to launch in December, ranking first in the global business of batteries for electric vehicles. In addition, five executives were appointed in the P-OLED field, which overcame difficult environments for a long time and contributed to the stabilization of the display business.

Regardless of age, human resources with experience in fields such as production, quality and sales that require experience and knowledge were tempered.

◆ Most CEOs stayed for ‘stability in crisis’

The majority of affiliate CEOs were hired and the number of CEO promotions that continued to achieve success in the business and personnel divisions was 5, which was more than the previous year.

The president’s promotion is ▲ Sang-gyu Lee, Head of Korea Sales Division, LG Electronics ▲ CEO Son Bo-ik, CEO of Silicon Works ▲ Ji-woong Son, President of LG’s Life Sciences Division Chem ▲ Myung-Kwan Lee, President of LG Inhwa Center ▲ Bang-soo Lee, President of LG’s CSR Team.

President Sang-gyu Lee has accumulated various work experiences in the Korea Sales Division, including sales, strategy, distribution and marketing, and since the end of last year, he has been the head of the Korea Sales Division. , establishing medium to long-term strategies for sustainable growth and building a sales base to drive performance.

President Son Bo-ik, an expert in systems semiconductors, has been the CEO of Silicon Works since 2017, expanding the business scope and constantly promoting entry into the digital semiconductor business, achieving double business growth.

Chairman Ji-woong Sohn is a bio-expert with diverse backgrounds in medicine and pharmaceuticals, he was appointed head of the life sciences business division at LG Chem in 2017 and was recognized for his achievements in strengthening the growth momentum at medium and long term, such as improving commercial profitability and expanding new drug projects.

President Lee Myung-kwan, as director of the LG Inhwa Institute, has strengthened the core talent development program linking staff and education, accelerated the transition to an online education platform, and strengthened the professional education system for each job.

As the leader of LG’s CSR team, Bangsoo Lee has effectively communicated with various stakeholders and will take on the role of strengthening ESG management for LG’s sustainable growth in the future.

Hwang Hyun-sik, President of LG Uplus, and Kim Jong-hyun, President of LG Energy Solutions, were appointed new CEOs. As head of the new business division, Jae-cheol Ryu, Vice President of LG Electronics H&A Business Division, and Senior Vice President Nam-cheol, LG Chem Advanced Materials Business Division were appointed.

◆ 女 Up to 15 people are promoted to executives … Active recruitment of external talent

The advancement of female executives is also striking. LG continued to expand the number of female executives this year, with 4 promoted to CEOs and 11 new CEOs.

This year, female executives were promoted in various positions such as strategy, marketing, technology, R&D, production, and customer service. It hired talented women in various fields, including Eun-Jung Ko, CEO of LG U Plus, who joined the company as a customer center consultant and took the lead in solving customer pay points based on of his wealth of experience and practical knowledge.

In addition, two companies, including Kim Hee-yeon, CEO of LG Display and Yeo Myung-hee, and Kim Sae-ra, CEO of LG Uplus, produced the first female executives. LG Chem selected Yoon Soo-hee, the first female executive at the Life Sciences Business Division level.

As a result, the number of female executives in the group increased from 39 at the end of last year to 51. The proportion of female executives among all LG executives also increased from 3.2% at the end of 2018 to 5.5% at end of 2020.

This year, three overseas promoted people were produced, including Denny Timik, senior director of development at LG Energy Solutions Poland’s car battery production subsidiary, and increased diversity by expanding and mediating key local staff who achieved achievements on global sites.

In addition to the executive staff later this year, LG is breaking with the thoroughbred by hiring outside talent in various fields in order to continually strengthen the professional competence required for business throughout the year in 2020.

During this year ▲ Director of Strategy (CSO / Vice President) of LG CNS Yoon Hyung-bong, President of the Global Business Division of TmaxSoft ▲ Manager of Global Business Promotion of the Petrochemical Business Division of LG Chemical (Vice President) Heo Seong -woo, CEO of Lotte BP Chemical and CEO of BP Korea, etc. Hiring of external personnel.