LG Innotek Appoints Moon Hyuksoo as New CEO and Vice President

Appointment of New CEO and Promotion of 7 Executives Including 3 Executive Directors and 4 Managing Directors

LG Innotek has appointed Vice President Moon Hyuk-soo, Chief Strategy Officer (CSO), as the new Chief Executive Officer (CEO).

On the 23rd, LG Innotek held a board meeting and announced the confirmation of the regular executive appointments for 2024. Along with the appointment of the new CEO, a total of seven executives were promoted, including three executive directors and four managing directors.

New CEO of LG Innotek, Vice President Moon Hyuk-soo

This executive appointment not only appointed a CEO born in the 1970s but also actively recruited talent who possess business success experience, future readiness capabilities, and expertise in technology and operations.

Regarding the newly appointed CEO Moon, LG Innotek described him as "a prepared CEO who has experience in development, business, and strategy, capable of successfully leading innovation and future readiness for LG Innotek’s sustainable growth."

In particular, since 2009, Vice President Moon has served as the head of the Optical Solutions Development Office and the research institute at LG Innotek, playing a key role in continuously developing camera modules applying world-first technologies and growing the optical solutions business into the global number one.

Meanwhile, LG Innotek promoted Managing Director Oh Se-jin, who has strengthened strategic partnerships with major customers in the optical solutions business and maintained a solid global number one position in camera and 3D sensing modules; Executive Director Yoo Byung-guk, who improved profitability through product structure optimization and platform model-centered development in the automotive components business, a future growth engine, as well as enhancing global supply chain management (SCM) capabilities; and Executive Director Yoon Seok, who advanced global-level compliance systems and legal process sophistication, to executive directors.

Additionally, Kim Hong-pil, Senior Manager, who contributed to strengthening profitability in the electronic components business and expanding new business orders; Park Hong-geun, Senior Manager, who achieved stabilization of the production system at the Vietnam subsidiary and secured cost competitiveness; Bae Seok, Research Fellow, who led future technology acquisition in device materials such as magnetic materials; and Kim Jong-guk, Senior Manager, who established HR systems for excellent talent recruitment and employee experience innovation, were newly appointed as managing directors. Park Ji-hwan, CFO of LG CNS (Executive Director), was assigned as CFO.

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