LG Electronics Inc. announced that Chief Strategy Officer (CSO) Cho Joo-wan will be CEO of the company. The company said Cho is best suited for the CEO position based on his extensive overseas experience and strategic capabilities. Cho joined LG Electronics in 1987 and was stationed at the company's operations in major overseas markets including the U.S., Germany and Australia. Cho assumed the CSO position in December 2019. He was behind key M&A decisions as well as the fostering of venture companies within LG. The chief strategy office was reestablished in 2019 to work across all business units and LG sister companies.