LG Establishes New Company to Focus on HVAC and Clean Tech
South Korea: LG Electronics has unveiled significant organizational changes and executive appointments to support its long-term strategy, "Future Vision 2030." The restructuring aims to enhance inter-organizational synergy, focus on B2B growth, and innovate its business portfolio.
Key changes include the establishment of the Eco Solution (ES) Company, which will operate the HVAC business as an independent entity to strengthen LG’s leadership in air solutions. The ES Company will also manage the electric vehicle charging business and spearhead B2B growth in the clean tech sector.
The company’s divisions have been restructured and renamed to align with strategic priorities in HVAC, home appliances, and other growth areas:
Eco Solution (ES) Company: This division will focus on HVAC systems and clean technology, addressing the growing demand for energy-efficient and sustainable solutions.
Home Appliance Solution (HS) Company: Dedicated to AI-driven home solutions, this division incorporates the Robot Business Division and operations of the LG ThinQ platform to enhance smart home experiences.
Media Entertainment Solution (MS) Company: Integrating the TV, Information Display, and IT businesses, this division aims to expand platform-based services through the webOS ecosystem.
Vehicle Solution (VS) Company: Focused on innovative technologies, this division will drive advancements in the automotive ecosystem.
A new B2B Business Capability Enhancement Division will be established under the Overseas Sales & Marketing Company to strengthen B2B operations abroad.
Executive changes, effective December 1, include appointments in key regions, recognizing talents in Saudi Arabia, Poland, and Malaysia for driving regional growth. Promotions will take effect from January 1.
Source: LG News