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Biography
2019: Appointment of LG Display as the CEO
In September, 2019 announced LG Display appointment as the new CEO Jeong Ho-young who was the president and the operating officer of the LG Chem company specializing in production of rechargeable batteries before.
It succeeded Khan Han Sang-beom which was dismissed because of bad financial results of the company.
Because of the falling of the prices of displays caused first of all by activity of the Chinese competitors, it was LG Display unprofitable. By September, 2019 monetary losses of LG Display remain for several quarters in a row, and according to the results of the 2019th the vendor will not get profit, analysts predict.
 | The decision was made proceeding from acting in LG Group of the principles of responsible management and appointment of heads on the basis of results of work, says LG Display made on the occasion of change of the head. |  |
Chong Huo-yang worked in different to the companies of LG Group holding, including LG Electronics, LG Life and Healthcare, LG Display and LG Chem. He will officially head LG Display in March, 2020, however in September the 2019th it Chong Huo-yang already began to execute the CEO's duties.[1]
Notes
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