LG India reshuffles leadership to boost post-IPO growth
What's the story
LG Electronics India has announced a major leadership reorganization to drive its post-IPO growth. The company, which raised ₹11,607 crore through its initial public offering (IPO) in October, is restructuring its top management to improve operational efficiency and strengthen local capabilities. The move comes as part of LG's strategy to empower Indian leadership and enhance organizational capabilities by improving local efficiencies.
Leadership changes
Sanjay Chitkara and Yongchan Jung's new roles
Sanjay Chitkara, who was the Chief Sales Officer, has been promoted to Co-Chief Sales and Marketing Officer. He will work closely with Hong Ju Jeon, Managing Director of LG Electronics India Ltd (LGEIL), who has taken on the additional role of Chief Sales and Marketing Officer. Yongchan Jung, former manufacturing head at Noida facility, is now the Chief Production Officer at LGEIL.
Operational oversight
Jeon's strategic oversight and Jung's expanded responsibilities
Jeon will continue to oversee the strategic convergence of sales and marketing functions. This move is aimed at bringing top leadership closer to market dynamics and consumer insights. Meanwhile, Jung will have unified command over LGEIL's entire manufacturing ecosystem, including the Noida and Pune plants as well as a new facility in Sri City, Andhra Pradesh.
Additional roles
New appointments in customer care and HR
In addition to these changes, Chang Hwan Kim has been appointed as the Customer Care and Service Officer. Jwa Nam Kim, who is currently the India HR Head, will take over as Chief Human Resource Officer. He will be responsible for driving talent strategy and organizational culture in the post-IPO era.
Strategic vision
Jeon's vision for LG's future in India
Commenting on the leadership changes, Jeon said that after their successful IPO, they see their responsibility to shareholders and customers evolving. He emphasized that this restructuring is not just about role changes but empowering the existing leadership team for faster decision-making and cohesive management. Jeon also stressed India's importance in LG's Global South strategy, saying these changes will help capture new market opportunities while further consolidating their market leadership.