LG: merger of Home Appliance and Air Conditioning & Energy Solution business units

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LG Electronics announced the merger of its Home Appliance and Air Conditioning & Energy Solution business units to create a consolidated LG Home Appliance & Air Solution (H&A) company. Seong-jin Jo, president and CEO of LG Home Appliance, assumes responsibility of the newly created H&A company. “The merger of the HA and AE companies – LG explains in a official note – will strengthen the company’s ability to provide total solutions for the home based on LG’s proprietary core technologies”. Other realignments are designed to strengthen LG’s competitiveness in the business-to-business (B2B) sector. Hwan-yong Noh, already president and CEO of LG Air Conditioning & Energy Solution, takes on the new role of B2B Officer to position LG as a leader in the commercial sector, which includes information displays, commercial air conditioning systems and energy-related initiatives. Executive vice president Sang-bong Lee will lead the LG Energy Business Center, a new division created from the strengths of three existing businesses: Solar, Lighting and Energy Storage System (ESS).

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