LG Chem Announces Executive Appointments Including CFO Cha Dong-seok's Promotion to President

21 Promotions Including Eco-Friendly and Battery Materials
Accelerating New Growth Engines... Leap to a 'Global Top Science Company'

Dongseok Cha, President of LG Chem

[Asia Economy Reporter Oh Hyung-gil] LG Chem announced on the 23rd that it has promoted Vice President Cha Dong-seok, Chief Financial Officer (CFO) and Chief Risk Officer (CRO), to President.

LG Chem explained that this personnel promotion was carried out with a focus on "preparing for the future," aiming to accelerate the advancement of three new growth engines: eco-friendly materials, battery materials, and global new drugs, and to enhance differentiated customer value creation capabilities.

President Cha was promoted in recognition of his capabilities in business portfolio restructuring and responding to internal and external management environment crises. As a finance expert with extensive experience in accounting, finance, taxation, and management diagnosis, he joined as CFO in September 2019 and has actively supported various business mergers, acquisitions, and spin-offs. He was acknowledged for solidifying LG Chem’s financial soundness despite challenging management conditions.

Additionally, Executive Director Lee Hyang-mok, who served as head of the Cathode Materials Division, was promoted to Vice President. Vice President Lee is an expert in secondary batteries and battery materials with a Ph.D. in Chemical Engineering from KAIST. Since January 2017, he has significantly grown the cathode materials business by strengthening technological capabilities and securing productivity.

Hyangmok Lee, Vice President of LG Chem

Furthermore, six Executive Directors, twelve Managing Directors, and one Senior Research Fellow were promoted. Executive Director Sunwoo Ji-hong, a production and process expert with experience in ABS production, technology, process, and planning, was promoted in recognition of his contributions to strengthening global business competitiveness in the Chinese local market after being appointed head of the China Yongxing ABS production corporation in December last year.

Executive Director Song Byung-geun, who has served as head of petrochemical business strategy and LG Corporation’s management team, was promoted for his achievements in expanding profitability and improving financial structure after being appointed head of the China Huizhou ABS production corporation in December 2019.

Executive Director Lee Hwa-young, a sales expert with extensive global experience in the Americas and Europe, was promoted for her contributions to enhancing business competitiveness through business portfolio restructuring and strategic direction establishment. Executive Director Kim Dong-chun was promoted in recognition of his contributions to advanced materials business strategy formulation and new business discovery, as well as leading the improvement of the semiconductor materials business structure since December 2020 as head of the semiconductor materials business.

Executive Director Choi Young-min, an expert in cathode material development, was recognized for leading overall cathode material development, including product development and base technology advancement, since his appointment as head of cathode material development in December last year.

Executive Director Park Hee-sul, who has diverse experience in R&D, business, and marketing in the life sciences field, was promoted for her contributions to laying the foundation for future business through establishing mid- to long-term strategic directions for the life sciences business since her appointment as head of life sciences and business strategy in December 2017.

An LG Chem official stated, "This personnel promotion reflects thorough business performance-based promotions, enhancement of organizational capabilities for fostering new growth engines, organizational advancement for global business expansion, and strengthening marketing capabilities to increase customer value," adding, "We will continue to strengthen fundamental business competitiveness to leap forward as a 'Global Top Science Company.'"

This content was produced with the assistance of AI translation services.