Kim Dong-myeong Appointed CEO of LG Energy Solution; 24 Promotions Announced

Vice Chairman Kwon Young-soo, Who Served LG Group for 44 Years, Steps Down

LG Energy Solution has appointed Kim Dong-myung, head of the Automotive Battery Division, as the new CEO (Chief Executive Officer).

On the 22nd, LG Energy Solution held a board meeting and announced its regular executive appointments for 2024. Along with the appointment of the new CEO, the company promoted Choi Seung-don, Executive Director of the Automotive Battery Development Center, to Vice President. In total, the 2024 executive promotions include ▲1 Vice President ▲4 Executive Directors ▲18 newly appointed Managing Directors ▲1 newly appointed Senior Research Fellow (Managing Director), totaling 24 promotions.

The scale of executive promotions in 2024 was slightly reduced compared to last year’s 29 promotions (1 President, 5 Vice Presidents, 3 Executive Directors, 20 Managing Directors), considering the uncertain business environment such as the slowdown in global electric vehicle market demand.

Regarding the characteristics of this personnel appointment, LG Energy Solution stated that it focused on ▲strengthening product competitiveness ▲advancing quality capabilities ▲enhancing organizational capabilities from a proactive future-preparation perspective to ensure sustainable business growth and future readiness.

Appointed as the new CEO, Kim joined the company in 1998 at the Battery Research Center and is a top expert with diverse experience across the entire battery business, including R&D, production, product planning, and division leadership. He has led key roles such as Head of the Mobile Battery Development Center in 2014, Head of the Small Battery Division in 2017, and since 2020, Head of the Automotive Battery Division, driving the growth of LG Energy Solution’s core business units with outstanding leadership.

While leading the Automotive Battery Division, he not only established a strong foundation for overwhelming market dominance through increased major customer orders and joint venture (JV) initiatives but also achieved significant results in securing fundamental competitiveness through production process innovation and product portfolio diversification.

Amid increasing market uncertainties and intensifying competition, LG Energy Solution judged that Kim, who possesses expertise in technologies that can lead the battery ecosystem and young leadership capable of fostering creative convergence, is the optimal person to seize this period as an opportunity to strengthen the company’s fundamentals.

An LG Energy Solution official said, “New CEO Kim has extensive experience in all areas of batteries and a successful track record as a business leader, so we expect him to demonstrate leadership that will enable LG Energy Solution to establish itself as a truly world-class company during this critical time.”

Kwon Young-soo, Vice Chairman who has been with LG Group for 44 years and led LG’s core businesses including electronics, display, chemicals, telecommunications, and energy solutions, has decided on a ‘graceful retirement’ to pave the way for his juniors.

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