'Retirement' LG Energy Solution Vice Chairman Kwon Young-soo Disposes of 2,000 Shares of Company Stock

Kwon Young-soo, Vice Chairman of LG Energy Solution, who is stepping down from the front lines of management, has sold all of his shares in LG Energy Solution.

According to the Financial Supervisory Service's electronic disclosure system on the 26th, Vice Chairman Kwon sold 2,000 common shares of LG Energy Solution on the 21st, the settlement date, at 431,500 KRW per share on the open market. The total sale amount was 863 million KRW.

Previously, Vice Chairman Kwon had purchased company shares as part of responsible management. In April last year, he bought 1,000 shares at 420,000 KRW per share, and in March this year, he purchased 1,000 shares at 572,800 KRW per share. The total acquisition cost of the treasury shares was 992.8 million KRW, resulting in a loss of 129.8 million KRW from this sale.

LG Energy Solution held a board meeting on the 22nd and conducted the 2024 regular executive appointments, appointing Kim Dong-myung, Head of the Automotive Battery Division (President), as the new Chief Executive Officer (CEO). Vice Chairman Kwon, who had been with LG Group for 44 years since joining LG Electronics in 1979, decided to retire gracefully for the sake of his juniors.

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