LG revamps top management

By , agencyfaqs! | In
Last updated : January 13, 2005
LG plans to achieve a targeted turnover of Rs 9,000 crore in the calendar year 2005

LG Electronics India (LGEIL) on Wednesday announced three top appointments. Moon B Shin has been elevated to the position of deputy managing director, LGEIL.

Prior to this promotion, Shin was head, overseas sales and marketing of the digital appliance company, which is the home appliances business comprising washing machines, microwave ovens, air-conditioners and refrigerators.

In another strategic move, Y V Verma has been promoted the the position of director, HR and management support (MS). Verma has been with LG Electronics since its inception in 1997, as vice- president (HR & MS) and has been responsible for corporate and factory HR, training, innovation, general affairs, corporate public relations and legal government liaison.

In addition to these appointments, J H Park has become director, manufacturing. Park oversees the operations of LG's Noida (Uttar Pradesh) as well as Pune plant.

A company note states that Park had been instrumental in developing practices in the production unit that aided increase in productivity and reduced overhead costs. "His efforts towards R&D and innovation have made LG India facility one on the best global operations of LG," says the note.

Talking about the appointments at LG, K. R. Kim, president, South West Asia, LG Electronics and managing director, LGEIL says, "The movements in LGEIL is a recognition of India's importance for LG globally. India has already attracted investments worth $250 million and is targeting of turnover of Rs 9,000 crore for 2005. These plans reiterate LGEIL's commitment to India."

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First Published : January 13, 2005
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