New Senior Leadership Structure to Strengthen

Company's Position in Diverse Business Environment

DUBAI, U.A.E. - 26th of November, 2015

LG Electronics (LG) today announced key executive appointments designed to further strengthen the company as it enters the new year. Leading the global corporation will be three veteran executives who will oversee every aspect of LG Electronics' business. The new leadership structure of LG Electronics is designed to give each executive more independence and responsibility to facilitate rapid decision-making in today's fast-changing business environment and diversified consumer segments.

The three Representative Directors1 of LG Electronics are: Jo Seong-jin, President and CEO of Home Appliances & Air Solutions; Juno Cho, President and CEO of Mobile Communications; David Jung, President and CFO. Current Vice Chairman and CEO Koo Bon-joon will rejoin the leadership team at LG Electronics' parent company, LG Corp.

The new structure will also give each of LG's four companies -- Home Entertainment, Mobile Communications, Home Appliance & Air Solution and Vehicle Components -- more autonomy to respond quickly and decisively to market conditions and business growth opportunities. Complementing LG's ongoing leadership in televisions, mobile devices and appliances, high-growth areas such as automotive components, energy, IT and B2B are expected to drive more of LG's growth going forward.

As part of his responsibility, David Jung will also take on the new role of Corporate Business Administration Officer where he will oversee overseas sales and marketing, global production and quality management as well as continuing to lead the office of the CFO.

Executive Vice President Lee Sang-bong, head of the LG Energy Business Center, will be promoted to President and will take on an expanded role as B2B (business-to-business) Officer, overseeing all of LG's commercial sector business, which includes professional displays, commercial air conditioning systems and energy solutions.

Global Sales and Marketing Officer Wayne Park will assume the new title of Executive Vice President and Head of LG's European Operations. Executive Vice President Brian Na will be responsible for LG's Overseas Sales and Marketing, overseeing 47 LG sales subsidiaries worldwide.

All appointments are effective as of Dec. 1, 2015 with promotions taking effect on Jan. 1, 2016. The overall new organizational structure will take effect once confirmed at the general meeting of shareholders in early 2016.

1   Under Korean law, as members of the Board of Directors, Representative Directors legally represent the company and are responsible for making decisions and implementing resolutions related to the company's business and general matters.

-Ends- 

About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing 83,000 people working in 119 locations around the world. With 2014 global sales of USD 55.91 billion (KRW 59.04 trillion), LG comprises four business units ― Home Entertainment, Mobile Communications, Home Appliance & Air Solution, and Vehicle Components ― and is one of the world's leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG Electronics is a 2014 ENERGY STAR Partner of the Year. For more news and information on LG Electronics, please visit www.LGnewsroom.com.

About LG Electronics Mobile Communications Company
LG Electronics Mobile Communications Company is a global leader and trend setter in the mobile and wearable industry with breakthrough technologies and innovative designs. By continually developing highly competitive core technologies in the areas of display, battery, camera optics and LTE technology, LG creates handsets and wearables that fit the lifestyles of a wide range of people all over the world. While helping to enhance the mobile user experience by incorporating unique, sophisticated designs and intuitive UX features, LG is also committed to guiding consumers into the era of convergence and Internet of Things, maximizing inter-device connectivity between a wide range of smartphones, tablets, wearables, home and portable electronics products. For more information, please visit www.LG.com.

LG-One
Raksha Uttamchandani
Telephone: +971 4 3344930
Fax: +971 4 3344923
Email: raksha.uttamchandani@lg-one.com

Media Contact
LG Electronics Gulf FZE
Sajeeth Shetty
Tel: +9714-350 9500
Fax: +9714-334 4304
Email: sajeeth.shetty@lge.com

© Press Release 2015