The company is streamlining its leadership hierarchy to foster more agile and strategic decision-making
Coming immediately on the heels of the company’s Initial Public Offering (IPO) in October, LG Electronics India or LGEIL, has initiated a leadership reorganisation. This is a strategic move to enhance management operations in the India market, empower Indian leadership and fortify LGEIL’s organisational capabilities by improving local efficiencies.
To spearhead this re-organisation, Sanjay Chitkara, formerly the Chief Sales Officer, has been elevated to Co-chief Sales and Marketing Officer. Chitkara has demonstrated sustainable growth in the Indian business through increased corporate value and performance-driven growth through his business acumen and management capabilities, the company said in a regulatory filing.
The company is streamlining its leadership hierarchy to foster more agile and strategic decision-making, it stated. These changes leverage the deep experience of its existing leadership team to drive the next phase of growth, sustain and improve market dominance and enhance shareholder value creation, the statement added.
“This restructuring is not just about role changes; it is about empowering our existing leadership team to enable faster and better decision-making and more cohesive management. By further streamlining our sales, manufacturing, and customer service functions, we are positioning LGEIL to aggressively capture new market opportunities while further consolidating and enhancing our market leadership,” stated Hong Ju Jeon, Managing Director, LG Electronics India.
The leadership reorganisation will also see Yongchan Jung, formerly the Manufacturing Head of the Noida manufacturing facility, being appointed as the Chief Production Officer. Jung will now hold unified command over LGEIL’s entire manufacturing ecosystem, overseeing the Noida and Pune plants, as well as the new and upcoming manufacturing facility in Sri City, Andhra Pradesh.
Additionally, Chang Hwan Kim has been appointed as the Customer Care and Service Officer. His mandate is to enhance the post-purchase experience, ensuring that LG’s service infrastructure scales in tandem with its sales growth. Jwa Nam Kim, currently the India HR Head, takes over as the Chief Human Resource Officer, tasked with driving talent strategy and organisational culture in the post-IPO era, the company added. The official statement emphasised that the appointments are effective immediately.
