Struggling LG appoints new Korean CEO

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19-12-2006, 9:40 AM

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Struggling LG appoints new Korean CEO

Korean giant LG Electronics has appointed a new CEO. Nam Yong (pictured) will replace Kim Ssang-su as part of a broad management restructuring designed to refocus the struggling electronics brand.Analysts believe the reshuffle can’t come soon enough, as the company is heading for a 70 percent drop in its net profit for 2006, due to [...]
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