LG Group is said to be poised to stage a leadership reshuffle for its affiliates, according to a report published by the Korea Times.
New Chairman Koo Kwang-mo is said to be keen to bring in fresh talent and rumors abound that the company is on the hunt for some younger recruits; LG’s top executives are among the oldest in the country with an average age of 69.9, according to data from CEO source, per the Korea Times.
Koo Kwang-mo has already switched up the leadership for LG Chem, LG Uplus and LG Corp, which leaves the fates of LG Household & Health Care, LG Electronics and LG Display yet to be determined. The Vice Chairman of LG Household & Health Care is the company’s longest serving CEO, notching up 14 years in the role, and going by results, his experienced is paying off – LG Household & Health Care posted record sales last year and is expected to do even better this year.
“Details of the personnel reshuffle are still unknown,” an LG spokesperson told the Korea Times. “As reshuffles had been generally conducted at the end of November or early December, we are also waiting.”