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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  LG Electronics Inc.    A066570   KR7066570003

LG ELECTRONICS INC.

(A066570)
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LG Electronics : Announces Leadership and Operational Changes Ahead of 2020

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12/04/2019 | 02:45am EST

LG Electronics (LG) announced that Brian Kwon, currently head of LG's Mobile Communications and Home Entertainment companies, has been named to take the helm as Chief Executive Officer effective December 1. Other changes announced for 2020 include: Park Hyoung-sei as president of the Home Entertainment Company, new Mobile Communications Company president Morris Lee, William Cho in the newly created position of Chief Strategy Officer and Chief Financial Officer Bae Doo-yong. Brian Kwon has played an important role at LG in his more than three decades at the company.

Mr. Kwon (56), joined Goldstar in 1987 and has held a variety of positions including business planning at LG Wales and head of the monitor division before being promoted to oversee the Home Entertainment Company in 2014. Mr. Kwon is a native of Busan, receiving his bachelor's degree from Seoul National University and MBA from Aalto University in Finland. Executive vice president Park Hyoung-sei takes the helm of the Home Entertainment Company after 25 years in the business unit with experience in TVs, PCs and monitors, the majority of that time focusing on the US market. Mr. Park is a graduate of the University of Michigan and received his master's from Indiana University both in the USA. Senior vice president Morris Lee joined Goldstar in 1988 and has held various positions in LG's mobile, TV and IT businesses as well as five years in parent company LG Corp. as vice president. A native of Seoul, Mr. Lee graduated from Korea University with a degree in business administration.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
LG CORP End-of-day quote.
LG ELECTRONICS INC. End-of-day quote.
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Financials (KRW)
Sales 2019 62 581 B
EBIT 2019 2 615 B
Net income 2019 910 B
Debt 2019 6 713 B
Yield 2019 1,09%
P/E ratio 2019 13,4x
P/E ratio 2020 8,52x
EV / Sales2019 191x
EV / Sales2020 181x
Capitalization 11 922 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 32
Average target price 84 684,38  KRW
Last Close Price 70 200,00  KRW
Spread / Highest target 42,5%
Spread / Average Target 20,6%
Spread / Lowest Target -11,7%
EPS Revisions
Managers
NameTitle
Do-Hyun Jung Co-President, Co-CEO, CFO & Director
Seong-Jin Cho Chief Executive Officer & Director
Il-Pyung Park Chief Technology Officer
Joon-Geun Choi Independent Director
Dae-Hyung Kim Independent Director
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