LG to Shuffle Mobile Execs

Posted by at 1:41 pm on May 10, 2016

LG logoLG plans to shake up the executive ranks within its mobile phone business. The move comes on the heels of LG’s first quarter report, in which the company’s mobile phone business recorded its third straight loss.

“We need to change the way we work to move faster and lighter,” said Cho Juno, LG’s CEO and mobile chief, in an email to employees. “Other business divisions also need people from mobile communications. We will continue to reshuffle personnel.”

The LG G5 flagship smartphone just recently went on sale and did not play a prominent role in the company’s first quarter results. LG is forecasting second-quarter sales for the G5 of about 3 million.

Juno said the company will trim staff in its mobile phone business unit so it can react quicker to changing market demands

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