LG Shuffles Executives, Restructures Divisions

From ChannelWeb: LG Electronics has reorganized its four major units and top brass to put what the vendor called greater emphasis on business solutions.

What that means, according to a statement from LG released late Friday, is that LG's four business units will become five. Under the current structure, LG's flowchart includes the Digital Appliance, Digital Display, Digital Media and Mobile Communications divisions.

Effective Jan. 1, the new units will be Mobile Communications, Home Entertainment, Home Appliance, Air Conditioning and Business Solutions.

"Our business will be perfectly positioned to address tomorrow's challenges as a result of these changes," said Vice Chairman and CEO of LG Electronics Yong Nam in a statement. "This strategy will enable us to capture even more of the ever-expanding commercial market. It will also help LG expand the value chain from device [hardware] to solutions and allow us to better address the lifestyle changes of our current and future customers."

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