Management changes are usually made at the end of the year but the change, which takes effect from October 1, reflected an urgency to overhaul the struggling mobile unit.
“We made the decision to give an incoming chief executive enough time to prepare for next year,” LG Group said in a statement.
LG Elec names new CEO as mobile business struggles | Reuters.com
LG follows Sony Ericsson, Motorola, Palm and Nokia in replacing CEOs because of trouble with their smartphone efforts. Microsoft also let go Robbie Bach, head of the Mobile division.
It’s an interesting pattern at a time when the industry is facing unprecedented growth.